Time-varying fiscal policy in the U.S.
To investigate time heterogeneity in the e¤ects of fiscal policy in theU.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 cap...
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| Formato: | workingPaper |
| Idioma: | spa |
| Publicado em: |
2022
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| Texto completo: | http://hdl.handle.net/10400.5/24362 |
| País: | Portugal |
| Oai: | oai:www.repository.utl.pt:10400.5/24362 |