On the size of fiscal multipliers: A counterfactual analysis

DC ElementWertSprache
dc.contributor.authorKuckuck, Jan
dc.contributor.authorWestermann, Frank
dc.date.accessioned2021-12-23T15:57:25Z-
dc.date.available2021-12-23T15:57:25Z-
dc.date.issued2014
dc.identifier.issn01651765
dc.identifier.urihttps://osnascholar.ub.uni-osnabrueck.de/handle/unios/2913-
dc.description.abstractWe point out that fiscal multipliers derived from SVAR-models include the predicted future path of policy instruments. After the initial shock, net taxes and government expenditures react to each other and are autocorrelated. In a counterfactual simulation, we report fiscal multipliers that abstract from these dynamic responses. (C) 2013 Elsevier B.V. All rights reserved.
dc.language.isoen
dc.publisherELSEVIER SCIENCE SA
dc.relation.ispartofECONOMICS LETTERS
dc.subjectBusiness & Economics
dc.subjectEconomics
dc.subjectFiscal policy
dc.subjectGOVERNMENT
dc.subjectGovernment spending
dc.subjectNet revenues
dc.subjectPOLICY
dc.subjectStructural vector autoregression
dc.titleOn the size of fiscal multipliers: A counterfactual analysis
dc.typejournal article
dc.identifier.doi10.1016/j.econlet.2013.11.036
dc.identifier.isiISI:000333872800007
dc.description.volume123
dc.description.issue1
dc.description.startpage26
dc.description.endpage32
dc.identifier.eissn18737374
dc.publisher.placePO BOX 564, 1001 LAUSANNE, SWITZERLAND
dcterms.isPartOf.abbreviationEcon. Lett.
dcterms.oaStatusGreen Submitted
crisitem.author.deptFB 09 - Wirtschaftswissenschaften-
crisitem.author.deptidfb09-
crisitem.author.parentorgUniversität Osnabrück-
crisitem.author.netidWeFr948-
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