Identifying Government Spending Shocks: It's all in the Timing*

By V. Ramey. 2009

1,902 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/43cec2ede2026e1afe62974fd3f403f212a03614

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In Economics and Econometrics

Citations in the corpus

Identifying Uncertainty Shocks Using the Price of Gold (2018, positive): “We then aggregate these variations into a monthly time series summing up within a month, as in Romer and Romer (2004). This yields eight candidate proxies for uncertainty shocks.”
Estimating Fiscal Multipliers: News From A Non‐linear World (2015, neutral): “16Ramey and Zubairy (2013) warn against this practice by noticing that, in a long US data sample spanning the 1889-2011 period, the Y/G ratio varies from 2 to 24 with a mean of 8.”
Unemployment Fiscal Multipliers (2010, neutral): “In order to better inspect the mechanism driving the short-run e¤ect of variations in government purchases on the labor market, it is useful to take a log-linear approximation of (26) and write b t = 1 1 1 !bat ! 1 ! b !t b rt + p Et nb t+1o ; (30)”
Confidence and the Transmission of Government Spending Shocks (2012, neutral): “[29] Ramey, Valerie.”
Monetary Science, Fiscal Alchemy ∗ (2010, neutral): “This phenomenon, which Leeper et al. (2009a) dub " fiscal foresight, " can have powerful effects on fiscal multipliers, particularly over the short horizons relevant for countercyclical policy actions [see also Ramey (2010)].”
The Effects of Fiscal Consolidations: Theory and Evidence (2017, neutral): “10Christiano and Eichenbaum (1992); Aiyagari et al. (1992), Baxter and King (1993), Burnside et al. (2004), Ramey and Shapiro (1998) and Ramey (2011a) compare temporary and permanent fiscal shocks in various versions of an RBC model.”
The macroeconomic effects of monetary policy: a new measure for the United Kingdom (2014, neutral): “Narrative approaches have also been employed to identify tax shocks (Romer and Romer, 2010; Cloyne, 2013) and government spending shocks (Ramey and Shapiro, 1998; Ramey, 2011).”
Using stock returns to identify government spending shocks (2010, positive): “Ramey (2008) shows how failure to take into account the anticipated nature of changes in government spending can lead to estimates of the response of consumption that are of the wrong sign.”
What fiscal policy is most effective? A Meta Regression Analysis (2015, background): “Ramey (2011) surveys both the theoretical and empirical literature and works with representative examples for specific model classes, data sets, and macroeconomic preconditions.”