In Search of the Transmission Mechanism of Fiscal Policy

@inproceedings{Perotti2007InSO,
  title={In Search of the Transmission Mechanism of Fiscal Policy},
  author={Roberto Perotti},
  year={2007}
}
Most economists would agree that a hike in the federal funds rate will cause some slowdown in growth and inflation, and that the bulk of the empirical evidence is consistent with this statement. But perfectly reasonable economists can and do disagree even on the basic effects of a shock to government spending on goods and services: neoclassical models predict that private consumption and the real wage will fall, while some neo-keyenesian models predict the opposite. This paper discusses… CONTINUE READING

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“ Has the Golden Rule of Public Finance Made a Di ¤ erence in the UK ? ” , OFEC Working Paper No

Jérôme Creel, Paola Monperrus-Véroni
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