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A GRANGER CAUSALITY APPROACH TO INVESTIGATING THE IMPACT OF FISCAL POLICY ON THE U.S. ECONOMY: 1970.I — 1990.III

Peter J. Saunders

Open publisher page 5 citations

Abstract

This study investigates the effects of fiscal policy on the U.S. economy within the confines of causality testing framework. A unidirectional causal flow is established from nominal GNP to fiscal expenditures and deficits. Further testing of the data indicates that although fiscal policy does not affect real output, it impacts the CPI.

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What this paper is about

This study investigates the effects of fiscal policy on the U.S. economy within the confines of causality testing framework. A unidirectional causal flow is established from nominal GNP to fiscal expenditures and deficits. Further testing of the data indicates that although fiscal policy does not affect real output, it impacts the CPI.

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OpenAlex reports 5 citations for this work. Citation counts describe recorded attention and do not establish research quality.

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Available abstract

This study investigates the effects of fiscal policy on the U.S. economy within the confines of causality testing framework. A unidirectional causal flow is established from nominal GNP to fiscal expenditures and deficits. Further testing of the data indicates that although fiscal policy does not affect real output, it impacts the CPI.

Key concepts: Economics, Fiscal policy, Granger causality, Causality (physics), Macroeconomics, Monetary economics, Keynesian economics, Economy

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