Government spending shocks are frequently identi?ed in quarterly time-series data by ruling out a contemporaneous response of government spending to other macroeconomic aggregates. We provide evidence that this assumption may not be too restrictive for U.S. annual time-series data.
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Paper provided by University of Bonn, Germany in its series Bonn Econ Discussion Papers with number
bgse16_2009.
Length: 12 Date of creation: Aug 2009 Date of revision: Handle: RePEc:bon:bonedp:bgse16_2009
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Find related papers by JEL classification: E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
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