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countries. By using a GMM estimator and lagged dependent variables as instruments in a SVAR model, we attempt to correct for the …. Contrary to previous research, we find no strong evidence of monetary accommodation, a positive and larger fiscal multiplier in …
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Using the augmented version of the Blanchard-Perotti's SVAR technique, this paper seeks to empirically estimate the … multiplier ranges from -0.83 to -0.27 for taxes, and from 0.02 to 0.98 for government spending respectively. Overall, these …
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