JEL Classification: E62, H30

The objective of this paper is twofold. First, for some OECD countries we econometrically select the fiscal policy regimes, i.e. a "set of rules" for the conduct of fiscal policy. Second, we identify different types of fiscal policy shocks related to expenditure and taxation, and simulate their...

The aim of this paper is twofold. First, for West Germany, France, Italy and US, we econometrically select within a SVAR model some fiscal policy regimes, i.e. a "set of rules" for the implementation of fiscal policies. Second, we identify the fiscal policy shocks related to different categories...