Income Persistence and Macro-Policy Feedbacks in the United States.
This paper analyses and forecasts annual time series of aggregate real income per head in the United States. The approach integrates elements from recent univariate time-series analyses with multi-equation macromodels in which policy feedback rules have been endogenized. The main conclusions are as...
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| Format: | Working paper |
| Language: | English |
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CEPR
1997
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