The Time for Austerity: Estimating the Average Treatment Effect of Fiscal Policy

By Ò. Jordà, Alan M. Taylor. 2013

589 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/a50a8219ea4f34a9d9e5246f433ff06c2089b254

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In Economics and Econometrics

Citations in the corpus

The costs of macroprudential policy (2018, methodology): “Romer (2004)), estimates that are based on high-frequency identification (Gertler and Karadi (2015)) and estimates that are obtained by exploiting the open-economy trilemma for identification (Jordà et al. (2017)).”
Impulse Response Estimation by Smooth Local Projections (2019, unknown): “, p in equation (1) captures the effect of the structural shock εt (see also Angrist, Jordá, and Kuersteiner, 2016; Jordá and Taylor, 2016).”
The output effect of fiscal consolidation plans (2015, methodology): “The third source of predicatibility – the fact that the D&al episodes appear to be predicted by past output growth – only arises if one transforms those episodes from a continuous variable into a 0/1 dummy variable, as done in Jordà and Taylor (2013).”
Capital Flow Management Measures: What Are They Good For? (2014, unknown): “…on monetary policy; Glick, Guo, and Hutchison (2006), Das and Bergstrom (2012), and Levchenko, Rancière, and Thoenig (2009) on financial liberalization; Chari, Chen, and Dominguez (2011) on foreign ownership; Forbes and Klein (2013) on crisis responses; and Jordà and Taylor (2013) on fiscal policy.”
The Effects of Fiscal Consolidations: Theory and Evidence (2017, methodology): “We now simulate a model with hand-to-mouth consumers, whose share is calibrated to be 30% of all households according to the range estimated by Kaplan and Violante (2014).43 We report impulse responses in Figure A.”
The Distributional Impact of Austerity and the Recession in Southern Europe (2014, background): “…Alesina, Favero & Giavazzi 2012) have argued that declines in public spending may lead to stronger economic growth than is the case with tax increases, while others (Jordà & Taylor 2013; Ball et al. 2013) have found that the medium-term relationship of spending cuts with GDP growth is negative.”