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Fiscal policy dynamics under a consolidation constraint : evidence from a sign-restricted SVAR with orthogonalized business cycle and monetary policy for Australia

Inchauspe, Julian - In: Applied economics 53 (2021) 34, pp. 3992-4016

Persistent link: https://www.econbiz.de/10012589552

The analytics of SVARs : a unified framework to measure fiscal multipliers

Caldara, Dario; Kamps, Christophe - 2012

Persistent link: https://www.econbiz.de/10009570177

The time for austerity : estimating the average treatment effect of fiscal policy

Jordà, Òscar; Taylor, Alan M. - 2013

Persistent link: https://www.econbiz.de/10009791688

The time for austerity : estimating the average treatment effect of fiscal policy

Jordà, Òscar; Taylor, Alan M. - In: The economic journal : the journal of the Royal … 126 (2016) 590, pp. 219-255

Persistent link: https://www.econbiz.de/10011481828

The time for austerity : estimating the average treatment effect of fiscal policy

Jordà, Òscar; Taylor, Alan M. - 2014

After the Global Financial Crisis a controversial rush to fiscal austerity followed in many countries. Yet research on the effects of austerity on macroeconomic aggregates was and still is unsettled, mired by the difficulty of identifying multipliers from observational data. This paper...

Persistent link: https://www.econbiz.de/10010463587

The Analytics of SVARs : A Unified Framework to Measure Fiscal Multipliers

Caldara, Dario - 2012

that standard identification schemes imply different priors on elasticities, generating a large dispersion in multiplier … inference on multipliers. Our results for the U.S. for the period 1947-2006 suggest that the probability of the tax multiplier … being larger than the spending multiplier is below 0.5 at all horizons …

Persistent link: https://www.econbiz.de/10013106827