Leeper, Eric M.; Plante, Michael; Traum, Nora - 2009
consumption expenditures are fit to U.S. data under a variety of specifica-
tions of fiscal policy rules. We obtain several … of aggregate
variables to fiscal policy shocks under rich fiscal rules can vary considerably from responses
that allow … simple real business cycle model, the impulse
responses of economic variables following both fiscal policy and non …