Before revision:  Using this approach, I analyze the fiscal policy of the US economy . Our empirical study indicates that large fiscal contraction generates a negative effect on the growth rate of the economy , and small and large fiscal expansions realize a positive impact on the growth rate .
After revision:  Using this approach, I analyze the fiscal policy of the US economy from 1992 to 2019. The empirical study indicates that large fiscal contraction generates a negative effect on the growth rate of the economy , and small and large fiscal expansions realize a positive impact on the growth rate .