Creel, Jérôme; Monperrus-Veroni, Paola; Saraceno, … - In: Revue économique 58 (2007) 5, pp. 1035-1053
Assessing the discretionary component of a fiscal policy is a difficult task. With a vector autoregressive model of the us economy and thanks to an original identification procedure, Blanchard and Perotti [2002, qje] were able to estimate thoroughly the impact on gdp of a discretionary shock on...