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Government Spending Shocks in Quarterly and Annual Time Series

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  • BENJAMIN BORN
  • GERNOT J. M√úLLER

Abstract

Government spending shocks are frequently identified 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 annual time‐series data.
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Suggested Citation

  • Benjamin Born & Gernot J. M√Úller, 2012. "Government Spending Shocks in Quarterly and Annual Time Series," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 44, pages 507-517, March.
    • Handle: RePEc:mcb:jmoncb:v:44:y:2012:i::p:507-517
    DOI: j.1538-4616.2011.00498.x
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    References listed on IDEAS

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    1. Eric M. Leeper & Todd B. Walker & Shu‐Chun Susan Yang, 2013. "Fiscal Foresight and Information Flows," Econometrica, Econometric Society, vol. 81(3), pages 1115-1145, May.
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    More about this item

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory

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