Escobari, Diego; Mollick, André Varella - Volkswirtschaftliche Fakultät, … - 2013
This paper takes into account the dynamic feedback between government expenditures and output in a model that separates … the effects of expected and unexpected government expenditures on output. We allow for standard determinants based on … emerging market economies over the 1970-2004 period. We find that unanticipated government expenditures have negative and …