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~isPartOf:"Working paper series / European Central Bank ; Eurosystem"
~language:"eng"
~person:"Galí, Jordi"
~subject:"Theory"
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Understanding the effects of government spending on consumption
Galí, Jordi
-
2004
with existing optimizing
business
cycle models. We extend the standard New Keynesian model to allow for the presence of … Fatas and Mihov (2001) when measured as compensation per hour in the non-farm
business
sector. Finally, the bottom panels of …
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