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Impact of Fiscal Policy Shocks on the Indian Economy

✍ Scribed by Yadav, S.; Upadhyay, V.; Sharma, S.

Book ID: 121398700
Publisher: SAGE Publications
Year: 2012
Tongue: English
Weight: 414 KB
Volume: 6
Category: Article
ISSN: 0973-8010
DOI: 10.1177/0973801012462171

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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