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fiscal multiplier is between zero and one, and provide sufficient conditions for it to be increasing in the degree of … imperfect competition. We also are able to compare the multiplier under free-entry and with a fixed number of firms and welfare …
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fiscal multiplier is between zero and one, and provide sufficient conditions for it to be increasing in the degree of … imperfect competition. We also are able to compare the multiplier under free-entry and with a fixed number of firms and welfare …
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budget multiplier. Results show that in highly unequal economies the maximum net increase in output and expenditure comes …
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