Macroeconomic Effects From Government Purchases and Taxes

By Robert J. Barro, Charles Redlick. 2011

991 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/50176e2549844fbc3e0894589cee36b7e9b88465

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Citations in the corpus

Macroeconomic Shocks and Their Propagation (2016, methodology): “The three main shocks I study are (i) the shock identified using Blanchard and Perotti’s (2002) method (which simply orders government spending first in a Cholesky decomposition); (ii) my narrative military news shock, updated in Ramey and Zubairy (2014); and (iii) Ben Zeev and Pappa’s (forthcoming)”
Government Investment and Fiscal Stimulus (2010, background): “6A few examples include Barro and Redlick (2009), Cogan et al. (2010), Davig and Leeper (2010), Denes and Eggertsson (2009), Hall (2009), Traum and Yang (2010), and Uhlig (2010).”
Targeted transfers and the fiscal response to the great recession (2012, neutral): “For di↵erent particular parameter configurations, it nests three well-known models: the neoclassical growth model with government spending of Baxter and King (1993), the incomplete-markets model of Aiyagari (1994), and the sticky-information model of Mankiw and Reis (2002).”
Sovereign Risk, Fiscal Policy, and Macroeconomic Stability (2013, background): “marginal income tax rate reported by Barro and Redlick (2011). Fluctuations in labor taxes ensure that (28) holds.”
Fiscal Multipliers: Liquidity Traps and Currency Unions (2012, background): “Barro and Redlick, 2009]. States or regions within a country offer an attractive alternative with plausible exogenous variations in spending. Indeed the literature on local multipliers has recently been very active, with contributions by Clemens and Miran [2010], Cohen et al. [2010], Serrato and Win”
New Keynesian versus Old Keynesian Government Spending Multipliers (2010, result): “81, which is consistent with studies such as Ramey (2009) and Barro and Redlick (2009). The GDP effect however is smaller than in the simulations reported in Tables 1 and 2, because the spending increase is less than permanent and because the zero bound is not in force.”
How large is the Government Spending Multiplier? Evidence from World Bank Lending (2010, background): “By way of comparison, the standard errors are not too much larger than those reported in Barro and Redlick (2010) who estimate similar specifications using data over the past century for the United States, and obtain standard errors for the estimated coefficient on defense spending ranging from…”
Chronicle of a war foretold : the macroeconomic effects of anticipated defense spending shocks (2014, background): “In addition to the defense spending variable and the Ramey (2011) news series, we also include in the VAR output, hours, consumption , and investment, all in real per capita terms, as well as the real manufacturing wage, the Barro and Redlick (2011) average marginal tax rate, the interest rate on 3 ”
Output Spillovers from Fiscal Policy (2013, neutral): “Alan J. Auerbach Department of Economics”