Is it the "How" or the "When" that Matters in Fiscal Adjustments?
NBER Working Paper No. 22863
---- Acknowledgments ----
First presented at the 2016 IMF-ARC conference. We thank two anonymous referees, the editor Linda Tesar, and especially our discussant, Chris Erceg, for his very useful comments. We thank Giorgio Saponaro for his excellent research assistantship. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.