The Effects of Fiscal Policy on Consumption and Employment: Theory and Evidence

By Antonio Fatás, I. Mihov. 2001

663 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/b820b132cb8e144ac8ca6c3e0cdfd23554841f6b

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Citations in the corpus

What are the effects of fiscal policy on asset markets (2011, background): “This is in linewith theworksof Fatás and Mihov (2001), Blanchard and Perotti (2002) and Perotti (2004)whoalsofindapositive effect of government spendingonGDP in the U.S., albeit with different time samples.”
Cyclical Fiscal Policy, Credit Constraints, and Industry Growth (2014, unknown): “On the other hand, Fatás and Mihov (2001) find that an increase in government spending induces increases in consumption and employment.”
Using stock returns to identify government spending shocks (2010, unknown): “Many other papers have used this approach, including Berndt, Lustig, and Yeltekin (2009), Fatas and Mihov (2001), Gali, Lopez Salido, and Valles (2007), Mountford and Uhlig (2002), Perotti (2002), and Perotti (2007).”
The Economic Effects of Exogenous Fiscal Shocks in Spain: A SVAR Approach (2006, background): “These short-run effects are again consistent with those derived from macro models for Spain and, as regards consumption, with most of the VAR evidence for other countries [Fatás and Mihov (2001), Blanchard and Perotti (2002), and Gali et al. (2003)].”
The macroeconomic effects of fiscal policy (2012, unknown): “The identification procedure adopted in this article is closer in spirit to Fatás and Mihov (2001), who use a Cholesky ordering to capture the unexpected variation in fiscal policy.”
The Effects of Discretionary Fiscal Policy on Macroeconomic Aggregates: A Reappraisal (2011, unknown): “While this strategy was originally proposed by Sims (1980) not in the context of identifying structural fiscal shocks, subsequent works have applied this identification approach to fiscal policy analysis (for example Corsetti and Müller 2006 and Fatas and Mihov 2001).”
The Macroeconomic Effects of Fiscal Rules in the US States (2006, unknown): “See Blanchard and Perotti (2002), Fatás and Mihov (2002), Mountford and Uhlig (2002) or Gali, Lopez-Salido and Valles (2002).”
Estimating Local Fiscal Multipliers (2016, unknown): “…di¤ers frommany papers in the empirical macroeconomics literature in that we rely on cross-sectional instead of time-series variation to measure the causal impact of government spending on the economy (e.g. Ramey and Shapiro, 1997, Fatás and Mihov, 2001, Blanchard and Perotti, 2002, Ramey, 2010).”
The economic effects of fiscal policy: The case of Spain (2008, background): “18 For the US, Fatás and Mihov (2001) and Mountford and Uhlig (2002) show negative effects on prices after a positive government spending shock, while Perotti (2004) finds an initial positive impact and negative effects thereafter on the CPI over the period 1961-2000; for the sub-period starting in ”
Government spending shocks in open economy VARs (2014, unknown): “…shock estimated with this specification is predicted by the forecasts reported in the Survey of Professional Forecasters 1Blanchard and Perotti, 2002, Fatas and Mihov, 2001, Gali, Lopez Salido and Valles, 2007, Mountford and Uhlig, 2002, and Perotti, 2002, 2007, find that consumption increases.”