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....

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Bibliographic details
Main Author: Roulleau-Pasdeloup, Jordan
Format: Paper
Language: English
Place of publication: 05.07.2011
Related: HAL
Data of publication: 2011/07/05
Series: Post-Print
Online Access: available in Bonn?
Database: RePEc
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