Bilbiie, Florin O. (contributor); Meier, André (contributor) - 2006
liberalization enacted at the same time.1 Speci�cally,
deregulation and �nancial innovation may have widened private access to asset … equation of the VAR as a structural innovation to government spending. Following Perotti
(2005), such an interpretation can be … as re�ected by an output innovation. Likewise,
automatic stabilization is unlikely to occur within one quarter, given …