Identifying Government Spending Shocks: It's All in the Timing
NBER Working Paper No. 15464
---- Acknowledgements -----
This paper expands upon my March 2005 discussion at the Federal Reserve Bank of San Francisco conference “Fiscal and Monetary Policy.” I wish to thank Robert Barro, Susanto Basu, Richard Carson, Robert Gordon, Roberto Perotti, Garey Ramey, Christina and David Romer, and numerous participants in seminars for helpful comments. Thomas Stark of the Federal Reserve Bank of Philadelphia generously provided unpublished forecasts. Ben Backes and Chris Nekarda provided outstanding research assistance. I gratefully acknowledge financial support from National Science Foundation grant SES-0617219 through the NBER. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.