What are the effects of fiscal policy sh
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Andrew Mountford; Harald Uhlig
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Article
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2009
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John Wiley and Sons
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English
⚖ 429 KB
👁 1 views
## 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