Browsing Arbeidsnotater / Working Papers by Subject "indeterminacy"
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Government Spending Shocks and Rule-Of-Thumb Consumers: The Role of Steady State Inequality
(Working Papers;14/2010, Working paper, 2010)Galí, López-Salido, and Vallés (2007) suggest that because part of the population follow a rule-of-thumb by which they spend their entire disposable income each period, private consumption responds positively to deficit-financed ...