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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Bibliographic Details
Main Author: Pereira, Manuel Coutinho (author)
Other Authors: Lopes, Artur Silva (author)
Format: workingPaper
Language:spa
Published: 2022
Subjects:
Fiscal Policy
Bayesian Estimation
Structural Change
Macro- Economic Stabilization
Online Access:http://hdl.handle.net/10400.5/24362
Country:Portugal
Oai:oai:www.repository.utl.pt:10400.5/24362

Internet

http://hdl.handle.net/10400.5/24362

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