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Federal Reserve Bank of Cleveland
Economic Review
Government consumption, taxation, and economic activity
Charles T. Carlstrom
Jagadeesh Gokhale
Abstract

The authors use a stylized model of the economy to analyze how permanent and temporary increases in government expenditure--and the timing of taxation used to finance them--affect aggregate output and other variables that describe the economy.


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Charles T. Carlstrom & Jagadeesh Gokhale, "Government consumption, taxation, and economic activity" , Federal Reserve Bank of Cleveland, Economic Review, issue Q III, pages 18-29, 1991.
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