Does a temporary increase in government expenditure
Does a temporary increase in government expenditure increase output in the standard new-Keynesian DSGE model? Is it possible to draw any intuitive parallels between the impact of government expenditure in these models and in the IS-LM model?
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in krugman and obstfelds international economics 8e chapter 16 an involved argument is given showing that a permanent
does a temporary increase in government expenditure increase output in the standard new-keynesian dsge model is it
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