Can Government Purchases Stimulate the Economy

By V. Ramey. 2011

841 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/e6e600f87f29c873130251c2a16c0f4126d9323d

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Citations in the corpus

The Effect of Unconventional Fiscal Policy on Consumption Expenditure (2016, neutral): “Ramey, V. A. (2011). Can government purchases stimulate the economy? Journal of Economic Literature 49 (3), 673–685. Ramey, V. A. (2015). Macroeconomic shocks and their propagation. Handbook of Macroeconomics, forthcoming . Romer, C. D. and D. H. Romer (2010). The macroeconomic effects of tax change”
Public Debt and Low Interest Rates (2019, neutral): “38 For a review of the empirical evidence up to 2010, see Ramey (2011).”
Macroeconomic Effects of the 2017 Tax Reform (2018, methodology): “The concept of user costs was used by John Maynard Keynes (1936, chap. 11) and has since been employed in public and corporate finance by many economists, including Robert Hall and Dale Jorgenson (1967), who did not use the explicit term.”
The Fiscal Multiplier (2019, positive): “Two stark differences to the complete markets case require an explanation: the size of the multiplier depends on how it is financed, and is much smaller in the liquidity trap than in complete markets models (while being within a reasonable range of empirical estimates Ramey (2011)).”
Clearing Up the Fiscal Multiplier Morass (2011, background): “(18)Ramey (2011) reviews the theoretical and empirical literature and concludes that the output multiplier is between 0.”
Banking, debt, and currency crises in developed countries: Stylized facts and early warning indicators (2014, methodology): “…economic activity (continuous variable) in the PVAR framework, we combine the dummy-variable approach applied in the literature investigating the effects of monetary policy (Romer and Romer, 1994) and fiscal shocks (Ramey and Shapiro, 1998; Ramey, 2011) with the common recursive VAR identification.”
Estimating Fiscal Multipliers: News From A Non‐linear World (2015, neutral): “Forni and Gambetti (2011) and Ramey (2011) show that government spending shock estimated with standard scal VARs are predictable, i.e., they are non-fundamental.”