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Kliem et al., 2014 - Google Patents

Toward a Taylor rule for fiscal policy

Kliem et al., 2014

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Document ID
3857286939855175929
Author
Kliem M
Kriwoluzky A
Publication year
Publication venue
Review of Economic Dynamics

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Snippet

In DSGE models, fiscal policy is typically described by simple rules in which tax rates respond to the level of output. We show that there is only weak empirical evidence in favor of such specifications in US data. Instead, the cyclical movements of labor and capital income …
Continue reading at citeseerx.ist.psu.edu (PDF) (other versions)

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