Cassette, Aurélie; Creel, Jérôme; Farvaque, Etienne; … - In: Economic Modelling 30 (2013) C, pp. 79-89
–2008. First, we construct a measure of a discretionary fiscal policy from the residual component in a VAR model. We then compute … this measure for the full sample. Using these data, we next run estimations of the discretionary fiscal policy interactions … crucial leadership role played by the USA in relation to discretionary fiscal policy decisions in Europe. …