Detailed Information on Publication Record
2020
We just estimated twenty million fiscal multipliers
ČAPEK, Jan and Jesús CRESPO CUARESMABasic information
Original name
We just estimated twenty million fiscal multipliers
Authors
ČAPEK, Jan (203 Czech Republic, guarantor, belonging to the institution) and Jesús CRESPO CUARESMA (724 Spain, belonging to the institution)
Edition
Oxford Bulletin of Economics and Statistics, 2020, 0305-9049
Other information
Language
English
Type of outcome
Článek v odborném periodiku
Field of Study
50202 Applied Economics, Econometrics
Country of publisher
United Kingdom of Great Britain and Northern Ireland
Confidentiality degree
není předmětem státního či obchodního tajemství
References:
Impact factor
Impact factor: 1.791
RIV identification code
RIV/00216224:14560/20:00114005
Organization unit
Faculty of Economics and Administration
UT WoS
000503252900001
Keywords in English
Fiscal multiplier;structural VAR;meta-analysis
Tags
International impact, Reviewed
Změněno: 12/4/2021 13:59, Mgr. Daniela Marcollová
Abstract
V originále
Abstract 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 multipliers estimated for European countries, indicate that many seemingly harmless modelling 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. The cumulative effects of such arguably innocuous methodological choices can lead to a change in the spending multipliers of as much as 0.4 points.
Links
| GA17-14263S, research and development project |
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