Macroeconomic Fluctuations in the United States: The Role of Monetary and Fiscal Policy Shocks

We assess the relative importance of fiscal and monetary policy shocks in explaining macroeconomic fluctuations in the United States. Using a Bayesian structural vector autoregressive model, we identify fiscal and monetary policy shocks based on a penalty function approach. We find that monetary pol...

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Detalles Bibliográficos
Autores principales: Dery, Cosmas, Serletis, Apostolos
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer US 2023
Materias:
Research Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9893194/
http://dx.doi.org/10.1007/s11079-023-09712-x

Internet

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9893194/
http://dx.doi.org/10.1007/s11079-023-09712-x

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