Does household debt affect the size of the fiscal multiplier?
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DOI: 10.1017/s1365100524000075
Abstract: Abstract Does household debt affect the size of the fiscal multiplier? We investigate the effects of household debt on government spending multipliers using a smooth transition vector autoregression model. Through generalized impulse response functions, we… read more here.
Keywords: debt; household debt; fiscal multiplier; affect size ... See more keywords