The dynamic effects of fiscal policy: a FAVAR approach
We implement a recently developed econometric model, the Factor Augmented VAR (FAVAR), to investigate the dynamic effects of government spending on key macroeconomic variables. In line with existing literature, we find that a government spending shock has positive effects on consumption and output....
|Main Author:||Roulleau-Pasdeloup, Jordan|
|Place of publication:||
|Data of publication:||2011/07/05|
|Online Access:||available in Bonn?|
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