Blanchard and Perotti 2002

[Bach]

Hi Tom,

Is there a RATS code to replicate The Blanchard and Perotti (2002) paper on the : Dynamic Effects of Changes in Government Spending and Taxes on Output", The quarterly Journal of Economics, November 2002.
Thanks in advance for your support .

Best

[TomDoan]

This is a slightly modified version of the authors' original RATS code. (I've changed the .PRG extensions to the more modern .RPF, cleaned up the loops and added comments).

blanchard_perotti_qje2002.zip

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They use a very large number of dummies, which makes it hard to see how it would apply to another data set.