This paper replicates the article Fiorito and Kollintzas (2004) “Public goods, merit goods, and the relationship between private and government consumption”. The authors investigated whether government consumption crowds out private consumption by splitting government consumption into two...

This paper investigates the basic stylized facts of business cycles in the G7 countries using quarterly data from 1960-89. The methodology used is based on Kydland and Prescott (1990). The evidence suggests that the real business cycles model can account for several important stylized facts for...