A reconciliation of SVAR and narrative estimates of tax multipliers

By Karel Mertens, Morten O. Ravn. 2014

271 citations recorded by the source corpus.

Subfields: Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/14aa91c317a06e1588b786e8784bf72e71fdd9c2

How researchers see this paper

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In Economics and Econometrics

1. Nicoletta Batini
2. A. Weber
3. L. Eyraud
4. V. Ramey
5. L. Forni
6. Mark W. Watson
7. James H. Stock
8. Robert J. Barro

Citations in the corpus

• Macroeconomic Shocks and Their Propagation (2016, methodology): “The presence of foresight invalidates the interpretation of the VAR reduced form residuals as prediction errors, 86 Handbook of Macroeconomics since the conditioning variables may not span the information set of forward-looking agents (Mertens and Ravn, 2013, 2014).”
• Fiscal Multipliers : Size, Determinants, and Use in Macroeconomic Projections (2014, methodology): “EMPIRICAL STUDIES: SHORT-RUN MULTIPLIERS BY INSTRUMENT Country Study PIT CIT VAT GC GI Details USA Mertens and Ravn (2013)1 1.4 1.8 0.4 0.6 Impact 3–4 quarters Panel of 14 industrial countries Riera-Chrichton and others (2012)2 1 2.7 Impact 3 quarters USA DEU GBR CAN AUS Perotti (2004)3 1.4 0.8 0.6 ”