Pragidis, Ioannis; Gogas, Periklis; Plakandaras, Vasilios; … - Department of Economics, Democritus University of Thrace - 2013
We empirically test the effects of unanticipated fiscal policy shocks on the growth rate and the cyclical component of real private output and reveal different types of asymmetries in fiscal policy implementation. The data used are quarterly U.S. observations over the period 1967:1 to 2011:4. In...
