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Browsing Economics and Business Working Papers Series by Subject "rule-of-thumb consumers"

Browsing Economics and Business Working Papers Series by Subject "rule-of-thumb consumers"

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  • Galí, Jordi, 1961-; López-Salido, J. David; Vallés, Javier (2002-09-01)
    Recent evidence suggests that consumption rises in response to an increase in government spending. That finding cannot be easily reconciled with existing optimizing business cycle models. We extend the standard new Keynesian ...

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