This paper studies the effects of fiscal policy on GDP, prices and interest rates in 5 OECD countries, using a … structural Vector Autoregression approach. Its mains results can be summarized as follows; 1) The effects of fiscal policy on GDP …

This paper studies the effects of fiscal policy on GDP, inflation and interest rates in 5 OECD countries, using a … structural Vector Autoregression approach. Its main results can be summarized as follows: 1) The effects of fiscal policy on GDP … spending shocks and tax cuts on GDP and its components have become substantially weaker over time; in the post-1980 period …