BIROn - Birkbeck Institutional Research Online

    An empirical investigation of US fiscal expenditures and macroeconomic outcomes

    Aksoy, Yunus and Melina, Giovanni (2011) An empirical investigation of US fiscal expenditures and macroeconomic outcomes. Working Paper. Birkbeck College, University of London, London, UK.

    [img]
    Preview
    Text
    5973.pdf - Published Version of Record

    Download (446kB) | Preview

    Abstract

    In addition to containing stable information to explain inflation, state-local expenditures have also a larger share of the forecast error variance of US inflation than the Federal funds rate. Non-defense federal expenditures are useful in predicting real output variations and, starting from the early 1980s, present also a larger share of the forecast error variance of US real output than the Federal funds rate.

    Metadata

    Item Type: Monograph (Working Paper)
    Additional Information: BWPEF 1105
    School: Birkbeck Schools and Departments > School of Business, Economics & Informatics > Economics, Mathematics and Statistics
    Research Centre: Applied Macroeconomics, Birkbeck Centre for
    Depositing User: Administrator
    Date Deposited: 18 Jan 2013 10:32
    Last Modified: 06 Dec 2016 14:49
    URI: http://eprints.bbk.ac.uk/id/eprint/5973

    Statistics

    Downloads
    Activity Overview
    69Downloads
    139Hits

    Additional statistics are available via IRStats2.

    Archive Staff Only (login required)

    Edit/View Item Edit/View Item