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The recent recession has brought fiscal policy back to the forefront, with economists and policy makers struggling to reach a consensus on highly political issu
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This paper studies the effects of government spending on China's output with a threshold structural vector autoregressive model. The empirical findings suggest
Language: en
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Type: BOOK - Published: 2011-03-01 - Publisher: International Monetary Fund
We contribute to the intense debate on the real effects of fiscal stimuli by showing that the impact of government expenditure shocks depends crucially on key c