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    Fiscal Policy in the United States: Automatic Stabilizers, Discretionary Fiscal Policy Actions, and the Economy by Follette, Glenn, Lutz, Byron

    Published 2010
    “…First, we provide measures of the effects of automatic stabilizers on budget outcomes at the federal and state and local levels. For the federal government, the defi cit increases about 0.35 percent of GDP for each 1 percentage point deviation of actual GDP relative to potential GDP. …”
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