Government Purchases Over the Business Cycle: the Role of Economic and Political Inequality
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This paper explores the implications of economic and political inequality for the business cycle comovement of government purchases. We set up and compute a heterogeneous-agent neoclassical growth model, where households value government purchases which are financed by income taxes. A key feature of
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美国国家经济研究局创建时间：
2010-08-01
