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    The impact of fiscal policy shocks in the United Kingdom: an empirical investigation 
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    The impact of fiscal policy shocks in the United Kingdom: an empirical investigation

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    SAIDMOHAMEDTheImpact2010.PDF (1.690Mb)
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    Queen Mary University of London
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    Abstract
    This paper empirically examines the impact of shocks to government spending and government revenues on main macroeconomic variables in the UK. We apply the methodology of Mountford and Uhlig (2009) to analyze the effectiveness of fiscal policy in the UK and compare our results with the literature on fiscal policy in the US. Following a government spending shock in the UK, there is an immediate increase in output, private investment and real wages. Regarding the government revenue shock, it is contradictory in the US. In the UK, however, private investment and GDP react positively to this shock.
    Authors
    Said Mohamed, Mona Kamal
    URI
    http://qmro.qmul.ac.uk/xmlui/handle/123456789/1277
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    • Theses [3592]
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    The copyright of this thesis rests with the author and no quotation from it or information derived from it may be published without the prior written consent of the author
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