Confidence and the Transmission of Government Spending Shocks

By Ruediger Bachmann, Eric R. Sims. 2012

498 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/23ee8ce2c8eddb780d8a299d1e97fb43896c0100

Citations in the corpus

• Estimating Fiscal Multipliers: News From A Non‐linear World (2015, unknown): “Following Auerbach and Gorodnichenko (2012) and Bachmann and Sims (2012), we employ a standardized moving average involving seven realizations of the real GDP quarter-on-quarter percentage growth rate.10 Granger and Terï£ ¡svirta (1993) suggest to x to ease the estimation of the remaining…”
• Government Spending Multipliers in Good Times and in Bad: Evidence from US Historical Data (2014, unknown): “0022-3808/2018/12602-0005$10.00 850 government spending multipliers 851 suggest that increases in government purchases do not stimulate private activity and that fiscal consolidations based on reducing government purchases are unlikely to do much harm to the private sector.”
• State-dependent effects of fiscal policy (2014, unknown): “around the NBER turning points (see, for example, Billi 2011, on the CBO output gap, and Orphanides and van Norden 2003, on other measures of the output gap). Also, many of the commonly used measures of slack, including the CBO output gap, require estimating the natural level of output or the state ”
• Economic Policy Uncertainty Spillovers in Booms and Busts (2019, unknown): “Following Baker et al. (2016), we order the VXO after the US EPU index and before the Canadian block of variables in our vector. This ordering minimizes the risk of getting biased impulse responses due to the imposition of the zero contemporaneous feedback going from economic policy uncertainty (and”