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@misc{1439399, author = {Čapek, Jan and Crespo Cuaresma, Jesús}, address = {Vienna}, keywords = {Fiscal multiplier, structural VAR, meta-analysis}, location = {Vienna}, publisher = {Vienna University of Economics and Business}, title = {We just estimated twenty million fiscal multipliers}, url = {http://epub.wu.ac.at/6451/1/WP268.pdf}, year = {2018} }
TY - GEN ID - 1439399 AU - Čapek, Jan - Crespo Cuaresma, Jesús PY - 2018 TI - We just estimated twenty million fiscal multipliers VL - Working Paper No. 268 PB - Vienna University of Economics and Business CY - Vienna KW - Fiscal multiplier, structural VAR, meta-analysis UR - http://epub.wu.ac.at/6451/1/WP268.pdf N2 - We analyse the role played by data and specification choices as determinants of the size of the fiscal multipliers obtained using structural vector autoregressive models. The results, based on over twenty million fiscal multiplier estimated for European countries, indicate that many seemingly harmless mod elling choices have a significant effect on the size and precision of fiscal multiplier estimates. In addition to the structural shock identification strategy, these modelling choices include the definition of spending and taxes, the national accounts system employed, the use of particular interest rates or inflation measures, or whether data are smoothed prior to estimation. ER -
ČAPEK, Jan a Jesús CRESPO CUARESMA. \textit{We just estimated twenty million fiscal multipliers}. Vienna: Vienna University of Economics and Business. 17 s. Working Paper No. 268. 2018.
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