Belke, Ansgar; Goemans, Pascal - In: Journal of Economic Studies 49 (2021) 4, pp. 623-646
Purpose: The purpose of this paper is to investigate whether the macroeconomic effects of government spending shocks vary with the degree of macroeconomic uncertainty. Design/methodology/approach: The authors use quarterly US data from 1960 to 2017 and employ the Self-Exciting Interacted VAR...