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.
|