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Fiscal Policy and Macroeconomic Stabilizations: What are the Gains from Cooperation?

โœ Scribed by Leonor Coutinho

Book ID
106488403
Publisher
Springer US
Year
2007
Tongue
English
Weight
627 KB
Volume
19
Category
Article
ISSN
0923-7992

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## Abstract We propose and apply a new approach for analyzing the effects of fiscal policy using vector autoregressions. Specifically, we use sign restrictions to identify a government revenue shock as well as a government spending shock, while controlling for a generic business cycle shock and a m