Government Spending Multipliers in Good Times and in Bad: Evidence from US Historical Data

By V. Ramey, Sarah Zubairy. Journal of Political Economy, 2014

1,294 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/dc41a965769167b2f48eda28e525e081effe1424

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Citations in the corpus

Non-Linear Exchange Rate Pass-Through in Emerging Markets (2016, background): “Ramey and Zubairy (2014) estimate state - dependent government spending fiscal multipliers.”
Identification and Estimation of Dynamic Causal Effects in Macroeconomics Using External Instruments (2018, positive): “The modern use of external instruments to estimate structural impulse response functions directly (that is, without estimating a VAR or iterating) dates to Jord a et al. (2015) and Ramey and Zubairy (2017), and is clearly © 2018 Royal Economic Society. exposited inRamey (2016).”
The Long-Run Effects of Monetary Policy (2020, background): “This is no different than calculating a multiplier (see, e.g., Ramey, 2016; Ramey and Zubairy, 2018).”
The Economic Effects of COVID-19 Containment Measures (2020, methodology): “…to assess the dynamic cumulative effect of containment measures on economic activity, a methodology used also by Auerbach and Gorodnichenko (2013), Ramey and Zubairy (2018), and Alesina The results denote the cumulative local projection response to NO 2 emissions and confirmed cases to each type…”
Macroeconomic Shocks and Their Propagation (2016, neutral): “Auerbach and Gorodnichenko (2013) and Ramey and Zubairy (2014) discuss this application and how it relates to another leading method, smooth transition VARs.”
Identifying Shocks via Time-Varying Volatility (2019, neutral): “in Rigobon (2003), TVV-ID is better equipped to permit estimation over sub-samples over which H may plausibly be fixed, since the data do not already need to be subdivided for identification under a constant H.”
Impulse Response Estimation by Smooth Local Projections (2019, positive): “1For recent uses of the narrative identification approach, see Romer and Romer (2004, 2010) and Ramey and Zubairy (2018).”
Macroeconomic Policy in the Time of COVID-19 (2020, background): “Health care systems in developing countries have low capacity; many people do not have access to essential health care services and are not covered by health insurance, thereby living with the risk of catastrophic health expenditures; and the gap between the current Research & Policy Brief No.28 may”
Stock Market Wealth and the Real Economy: A Local Labor Market Approach (2019, background): “This alternative has the drawback that the actual ratio varies substantially over time as the stock market booms and busts, a problem noted in the very different context of fiscal multipliers by Ramey and Zubairy (2018).”