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Title:What accounts for the changes in U.S. fiscal policy transmission? Author(s):BILBIIE, Florin Ovidiu; MEIER, André; MÜLLER, Gernot J.Date:2006Type:Working PaperSeries/Number:ECB Working Papers; 2006/582Abstract:Using vector autoregressions on U.S. time series for 1957-1979 and 1983-2004, we find government spending shocks to have stronger effects on output, consumption, and wages in the earlier sample. We try to account for this ...