| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5067068 | European Economic Review | 2012 | 16 Pages |
Abstract
⺠I analyze the effects of a pre-announced government consumption expenditure shock. ⺠I ensure correct estimation of the innovations by using the Kalman filter. ⺠The structural shocks are identified by sign restrictions. ⺠Sign restrictions potentially differ before and after the realization of the shock. ⺠Private consumption responds negatively and turns positive afterwards.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Alexander Kriwoluzky,