Auerbach, Alan J.; Gorodnichenko, Yuriy - In: American Economic Review 103 (2013) 3, pp. 141-46
For a large number of OECD countries we estimate the cross-country spillover effects of government purchases on output. Following the methodology in Auerbach and Gorodnichenko (2012a, b), we allow these multipliers to vary smoothly according to the state of the economy and use real-time forecast...