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Fiscal policy and the labor market in a New Keynesian framework

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Figure

Figure 1.A1: An increase in value added tax revenue equal to 1 percent of GDP
Figure 1.A2: A cut in government consumption equal to 1 percent of GDP
Figure 1.A3: An increase in employees’ labor income tax (personal labor income tax and social security contribution) revenue equal to 1 percent of GDP
Figure 1.A4: An increase in employer social security contribution revenue equal to 1 percent of GDP
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