Herbert, Sylvérie - Centre de recherche en Économie (OFCE), Sciences … - 2014
Debates on the appropriate response of fiscal policy to economic downturns, such as the debates on the merits of … austerity measures in Europe, have been centered on the size of the fiscal multipliers. Indeed, empirical and theoretical … technique of vector autoregressions (VARs) to account for the possibility of time-variant fiscal multipliers for France, Germany …