Favero, Carlo; Giavazzi, Francesco; Perego, Jacopo - In: IMF Economic Review 59 (2011) 4, pp. 652-682
This paper argues that the richer frequency and variety of fiscal policy shocks available in an international sample, which makes the use of this evidence attractive, should be analyzed recognizing the heterogeneity that exists across different countries. The main conclusion of the authors’...