Mountford, Andrew; Uhlig, Harald - Sonderforschungsbereich Ökonomisches Risiko <Berlin> - 2005
fiscalpolicy shocks be set to zero or need additional information, such as the timingof wars, in order to identify fiscal policy … the advantages that it is able to model the effects of announcements offuture changes in fiscal policy and that it is able … to distinguish between the changes in fiscal variables caused by fiscal policy shocks and those caused by business cycle …