Confidence and the transmission of government spending shocks

Is impacting confidence an important channel by which government spending shocks affect economic activity? In a standard structural VAR, an empirical measure of confidence does not significantly react to spending shocks and output multipliers are around one. In a non-linear VAR, confidence rises fol...

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Bibliographic details
Volume: 59
Main Author: Bachmann, Rüdiger
Sims, Eric R
Format: Journal Article
Language: English
Zielgruppe: Trade
Place of publication: AMSTERDAM Elsevier B.V 01.04.2012
published in: Journal of monetary economics Vol. 59; no. 3; pp. 235 - 249
Data of publication: April 2012
ISSN: 0304-3932
EISSN: 1873-1295
Discipline: Economics
Online Access: available in Bonn?
Database: Web of Knowledge
Social Sciences Citation Index
Web of Science
Web of Science - Social Sciences Citation Index - 2012
Academic OneFile (A&I only)
Database information Databases - DBIS