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Our Research Catalogue contains grants and outputs data up to the end of April 2014. Records will no longer be updated after this date.

Monetary and Fiscal Policy Rules with Labour Market and Financial Frictions

Grant reference: RES-062-23-2451

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Journal article details

The effects of fiscal policy shocks in SVAR models : a graphical modelling approach
We apply graphical modelling theory to identify fiscal policy shocks in SVAR models of the US economy. Unlike other econometric approaches of which achieve identification by relying on potentially contentious a priori assumptions of graphical modelling is a data based tool. Our results are in line with Keynesian theoretical models, being also quantitatively similar to those obtained in the recent SVAR literature à la Blanchard and Perotti (2002), and contrast with neoclassical real business cycle predictions. Stability checks confirm that our findings are not driven by sample selection.
10.1111/j.1467-9485.2011.00558.x
English

Primary contributor

Author Matteo Fragetta

Additional contributors

Co-author Giovanni Melina

Additional details

58
4
Yes
0036-9292
http://olabout.wiley.com/WileyCDA/Section/id-406241.html
Blackwell Publishing
01 September 2011
29
537–566
Oxford
Post-print
Scottish journal of political economy