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The Effects of Government Spending Shocks with Fiscal Foresight
| Content Provider | Semantic Scholar |
|---|---|
| Author | Kang, Ji-Hye |
| Copyright Year | 2016 |
| Abstract | The Effects of Government Spending Shocks with Fiscal Foresight Jihye Kang Department of Economics The Graudate School Seoul National University This thesis investigates the effects of government spending with consideration of fiscal foresight. In chapter 2, we suggest that a part of the controversy in the literature may be explained by the difference in the nature of the shocks identified by Ramey (2011b). We show evidence of inconsistency in the results in Ramey (2011b); we also explain the mixed results in follow-ups in Ramey (2011b). Moreover, we study the effects of the news shock by constructing changes in the expected present value of changes in government spending based on the SPF data, as in the first method. With this modified method, we investigate the effects of anticipated government spending shocks and discuss whether the empirical results are consistent with the neoclassical view. In chapter 3, we study the effects of unanticipated government spending shocks. Our focus is on verifying whether a specific VAR model has funda- |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://s-space.snu.ac.kr/bitstream/10371/120496/1/000000132682.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
