Gemmell, Norman; Kneller, Richard; Sanz, Ismael - In: Economic Journal 121 (2011) 550, pp. 33-33
The literatures testing for aggregate short-run or long‐run growth impacts of fiscal policy use quite different methodologies. The former generally focuses on temporary fiscal ‘shocks’; the latter typically have no short‐run dynamics or assume homogeneity. We use regression methods that...