Macroeconomic impacts of fiscal policy shocks in the UK : a DSGE analysis
(2016)
Journal Article
Bhattarai, K., & Trzeciakiewicz, D. (2017). Macroeconomic impacts of fiscal policy shocks in the UK : a DSGE analysis. Economic modelling, 61, 321-338. https://doi.org/10.1016/j.econmod.2016.10.012
This paper develops and estimates a new-Keynesian dynamic stochastic general equilibrium (DSGE) model for the analysis of fiscal policy in the UK. We find that government consumption and investment yield the highest GDP multipliers in the short-run,... Read More about Macroeconomic impacts of fiscal policy shocks in the UK : a DSGE analysis.