What are the effects of fiscal policy shocks? A VAR-based comparative analysis

By Dario Caldara, Christophe Kamps. 2008

198 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/36c4a6171d4b242dbb43c18fa7e62fb8dbe95b44

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Citations in the corpus

Does sovereign debt weaken economic growth? A panel VAR analysis (2014, unknown): “We follow Caldara and Kamps (2008), who note that because of the delay between political decision making and actual government spending, fiscal policy may have an instantaneous effect on GDP, while the”
What fiscal policy is most effective? A Meta Regression Analysis (2015, background): “For VAR studies, there are five established approaches of identification of exogenous fiscal shocks, two of which rely on additional historical information, and three of which try to identify exogenous fiscal shocks directly from the time series (Caldara and Kamps, 2008).”
Transmission of Government Spending Shocks in the Euro Area: Time Variation and Driving Forces (2010, unknown): “Similar accounts of instability, based on sub-sample or rolling-windows estimation, can be found in Perotti (2005), Bénassy-Quéré and Cimadomo (2006), Bilbiie, Meier, and Mueller (2006), and Caldara and Kamps (2008).”
Fiscal Policy Shocks in the Euro Area and the US: An Empirical Assessment (2010, result): “Caldara and Kamps (2008) show that, after controlling for differences in the specification of the reduced form model, all identification approaches used in the literature yield qualitatively and quantitatively very similar results for government spending shocks.”
Fiscal multipliers in the 21st century (2016, background): “…but poor households show evidence of non-Ricardian behavior.26 In terms of theoretical work, Heathcote (2005) studies the effects of changes in the timing27 3For a good survey of the various approaches for modeling and measuring the impacts of fiscal policy, see Caldara and Kamps (2008).”
The Effects of Discretionary Fiscal Policy on Macroeconomic Aggregates: A Reappraisal (2011, unknown): “…Blanchard and Perotti 0.84 + USA quarterly 1960-1997 expectation augmented ca 2 Burnside et al. (2004) USA quarterly 1947-1995 narrative + = + Caldara and Kamps (2008) USA quarterly 1955-2006 recursive 1 + = = USA quarterly 1955-2006 Blanchard and Perotti 1 + = = USA quarterly 1955-2006 sign…”