Format:
Online-Ressource (18 Seiten)
ISSN:
1614-0974
Content:
Zusammenfassung: Standard vector autoregression and the narrative approach yield contrasting responses of consumption and real wages to a government spending shock. A key difference in the approaches is the composition of identified shocks. Standard VAR features a large increase in government purchase of intermediate goods and services and investment, but a small response of government employment compensation. By contrast, the narrative approach identifies a smaller increase in intermediate goods and services purchase but a large increase in employment compensation. Furthermore, empirical evidence indicates impacts of fiscal stimulus vary considerably for different types of spending from the American Recovery and Reinvestment Act
In:
volume:73
In:
number:3
In:
year:2017
In:
pages:237-254
In:
FinanzArchiv, Tübingen : Mohr Siebeck, 1884-, 73, Heft 3 (2017), 237-254, 1614-0974
Language:
English
DOI:
10.1628/001522117X14915570953886
URN:
urn:nbn:de:101:1-2019111814251328146377
URL:
https://doi.org/10.1628/001522117X14915570953886
URL:
https://nbn-resolving.org/urn:nbn:de:101:1-2019111814251328146377
URL:
https://d-nb.info/1199880868/34
URL:
https://www.mohrsiebeck.com/10.1628/001522117X14915570953886
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