Locally financed and outside financed regional fiscal multipliers
The size of regional fiscal multipliers determines the efficacy of fiscal stimulus, the costs of fiscal austerity and whether countercyclical fiscal policy is more effective at the federal or local level. This paper studies fiscal multipliers in regions of a monetary union—US states, Eurozone member...
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| Language: | en_US |
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Elsevier
2022
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| Online Access: | http://hdl.handle.net/10986/37277 |