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Persistent link: https://www.econbiz.de/10010347317
To investigate the time heterogeneity effects of fiscal policy in the U.S., we use a non-recursive, Blanchard and Perotti-like structural VAR with time-varying parameters, estimated through Bayesian simulation over the 1965:2-2009:2 period. Our evidence suggests that fiscal policy has lost some...
Persistent link: https://www.econbiz.de/10008519804