An empirical investigation of US fiscal expenditures and macroeconomic outcomes

Economics Letters

Volumn 114, Issue 1, 2012, Pages 64-68

  Aksoy, Yunus ^a   Melina, Giovanni ^a,b  

^a UNIVERSITY OF LONDON   (United Kingdom)

^b UNIVERSITY OF SURREY   (United Kingdom)

Author keywords

Forecast error variance decomposition; Information value; State local expenditures

Indexed keywords

EID: 80054772591     PISSN: 01651765     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.econlet.2011.09.017     Document Type: Article

References (6)

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4. Poterba J.M., Rueben K.S. Fiscal Rules and State Borrowing Costs: Evidence From California and Other States 1999, Public Policy Institute of California.
5. Sørensen B., Wu L., Yosha O. Output fluctuations and fiscal policy: US state and local governments 1978-1994. European Economic Review 2001, 45(7):1271-1310.
6. Stock J., Watson M. Forecasting output and inflation: the role of asset prices. Journal of Economic Literature 2003, 41:788-829.