What Ended the Great Depression? by Christina D. Romer published by NBER (9/1991). This paper examines the role of aggregate demand stimulus in ending the Great Depression. A simple calculation indicates that nearly all of the observed recovery of…
The macroeconomic effects of tax changes: estimates based on a new measure of fiscal shocks by Christina D. Romer and David H. Romer published by The American Economic Review (6/2010). “This paper investigates the impact of tax changes on…
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