Další formáty:
BibTeX
LaTeX
RIS
@article{1594957,
author = {Čapek, Jan and Crespo Cuaresma, Jesús},
article_number = {3},
doi = {http://dx.doi.org/10.1111/obes.12351},
keywords = {Fiscal multiplier;structural VAR;meta-analysis},
language = {eng},
issn = {0305-9049},
journal = {Oxford Bulletin of Economics and Statistics},
title = {We just estimated twenty million fiscal multipliers},
url = {https://onlinelibrary.wiley.com/doi/abs/10.1111/obes.12351},
volume = {82},
year = {2020}
}
TY - JOUR
ID - 1594957
AU - Čapek, Jan - Crespo Cuaresma, Jesús
PY - 2020
TI - We just estimated twenty million fiscal multipliers
JF - Oxford Bulletin of Economics and Statistics
VL - 82
IS - 3
SP - 483-502
EP - 483-502
SN - 03059049
KW - Fiscal multiplier;structural VAR;meta-analysis
UR - https://onlinelibrary.wiley.com/doi/abs/10.1111/obes.12351
L2 - https://onlinelibrary.wiley.com/doi/abs/10.1111/obes.12351
N2 - 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.
ER -
ČAPEK, Jan a Jesús CRESPO CUARESMA. We just estimated twenty million fiscal multipliers. \textit{Oxford Bulletin of Economics and Statistics}. 2020, roč.~82, č.~3, s.~483-502. ISSN~0305-9049. Dostupné z: https://dx.doi.org/10.1111/obes.12351.
|
