Government Spending Shocks in Quarterly and Annual Time Series
研究在季度和年度时间序列数据中识别政府支出冲击的方法,发现季度数据常用的假设在年度数据中可能同样适用。
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.