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What you export matters

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Identification of slowdowns and accelerations for the euro area economy

Damé, Olivier; Ferrara, Laurent - 2009

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The effects of tax shocks on output : not so large, but not small either

Perotti, Roberto - 2011

"In a seminal contribution, Romer and Romer (2010) (RR henceforth) estimate GDP tax multipliers of up to -3 after 3 years. These results have been criticized as implausibly large. For instance, Favero and Giavazzi (2010) (FG henceforth) argue RR's specification cannot be interpreted as a proper...