In Search of the Transmission Mechanism of Fiscal Policy

Roberto Perotti

NBER Working Paper No. 13143
Issued in June 2007

---- Acknowledgments ----

I thank the editors, my discussants Valerie Ramey and Ricardo Reis, and Olivier Blanchard, Fabio Canova, Carlo Favero, Jordi Galí , Francesco Giavazzi, Ilian Mihov, Tommaso Monacelli, Evi Pappa, and Luca Sala for discussions and suggestions. The paper also benefitted from comments on an earlier version by seminar participants at the Bank of England, the London School of Economics, and Pompeu Fabra University. Valerio Ercolani provided excellent research assistance. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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