Arcangelis, Giuseppe de; Lamartina, Serena - 2003
identify the fiscal policy shocks related to different categories of expenditure and taxation, and simulate their ex0Bects on … expenditure while a clear-cut distinction between spending and taxation regimes is not found in the US. Both shocks on government … spending and taxation generate keynesian responses of output, although fiscal multipliers are quite low (output reacts by 0 …