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Banco de España

Central bank · SP · 4 documents

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Analyzed maximum-contrast cases. Economics and Business Journal (ECBIS) p.1
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220
Operational assessment register records. Economics and Business Journal (ECBIS) p.8
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991
Unique Scopus search records. Economics and Business Journal (ECBIS) p.6
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Short-term financed impact output multiplier. European Central Bank p.10
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Total Surveyed University Students. Cuadernos de Gestión p.1

Debt maturity and government spending multipliers

Research paperEuropean Central BankNovember 202646 pages

Empirical analysis of post-war US data demonstrates that government spending shocks financed with short-term debt yield significantly higher output multipliers than those financed with long-term debt, typically exceeding unity under short-term financing.