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How important are the fiscal policy convergence criteria?

โœ Scribed by Marcel Stremme


Book ID
105530768
Publisher
Springer
Year
1996
Weight
962 KB
Volume
33
Category
Article
ISSN
0343-754X

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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