A GRANGER CAUSALITY APPROACH TO INVESTIGATING THE IMPACT OF FISCAL POLICY ON THE U.S. ECONOMY: 1970.I — 1990.III

This study investigates the effects of fiscal policy on the U.S. economy within the confines of causality testing framework. A unidirectional causal flow is established from nominal GNP to fiscal expenditures and deficits. Further testing of the data indicates that although fiscal policy does not affect real output, it impacts the CPI.

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Year of publication:	1995
Authors:	Saunders, Peter J.
Published in:	Studies in Economics and Finance. - MCB UP Ltd, ISSN 1755-6791, ZDB-ID 2070355-7. - Vol. 16.1995, 1, p. 3-22
Publisher:	MCB UP Ltd

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Type of publication:	Article
Type of publication (narrower categories):	review-article
Language:	English
Other identifiers:	10.1108/eb028715 [DOI]
Source:	Other ZBW resources

Persistent link: https://www.econbiz.de/10015013804