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Government Spending Shocks in Quarterly and Annual Time Series

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  • BENJAMIN BORN
  • GERNOT J. MÜLLER

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.

Suggested Citation

  • Benjamin Born & Gernot J. Müller, 2012. "Government Spending Shocks in Quarterly and Annual Time Series," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 44(2‐3), pages 507-517, March.
    • Handle: RePEc:wly:jmoncb:v:44:y:2012:i:2-3:p:507-517
    DOI: 10.1111/j.1538-4616.2011.00498.x
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    References listed on IDEAS

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    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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