Gogas, Periklis; Pragidis, Ioannis - Volkswirtschaftliche Fakultät, … - 2013
We empirically test the effects of unanticipated fiscal policy shocks on the growth rate and the cyclical component of … real private output and reveal different types of asymmetries in fiscal policy implementation. The data used are quarterly … order to construct the fiscal policy shocks: one with the simple sum monetary aggregate MZM and one with the alternative CFS …