Chahrour, Ryan; Schmitt-Grohé, Stephanie; Uribe, Martín - In: American Economic Journal: Economic Policy 4 (2012) 2, pp. 28-45
The SVAR and narrative approaches to estimating tax multipliers deliver significantly different results. The former yields multipliers of about 1 and the latter of about 3. The two approaches differ along two important dimensions: the identification scheme and the reduced-form transmission...
