Estimating Fiscal Multipliers: News From A Non‐linear World

By Giovanni Caggiano, Efrem Castelnuovo, Valentina Colombo, Gabriela Nodari. 2015

228 citations recorded by the source corpus.

Subfields: Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/2beae9f35bfbcccf7156259f70d5725d6c685c17

Citations in the corpus

• Government spending shocks in open economy VARs (2014, unknown): “gt = φgt−1 + δdt + γ(L)ut, ut ∼ N(0, 1) (8)”
• Government Spending Multipliers in Good Times and in Bad: Evidence from US Historical Data (2014, unknown): “…across the two states.27 The preexisting literature on state dependence of multipliers typically employs a shorter data sample that spans the post-WWII period (see, e.g., Auerbach and Gorodnichenko 2012; Bachmann and Sims 2012; Caggiano et al. 2015; Riera-Crichton,Vegh, andVuletin 2015).”
• Generalized Forecast Error Variance Decomposition for Linear and Nonlinear Multivariate Models (2014, unknown): “For example, Weise (1999) and Balke (2000) impose recursive restrictions when examining asymmetric e ects of monetary policy and the relationship between credit and economic activity, respectively, while Caggiano et al. (2015) apply this approach to a nonlinear VAR model of scal policy.”