We just estimated twenty million fiscal multipliers
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F20%3A00114005" target="_blank" >RIV/00216224:14560/20:00114005 - isvavai.cz</a>
Result on the web
<a href="https://onlinelibrary.wiley.com/doi/abs/10.1111/obes.12351" target="_blank" >https://onlinelibrary.wiley.com/doi/abs/10.1111/obes.12351</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1111/obes.12351" target="_blank" >10.1111/obes.12351</a>
Alternative languages
Result language
angličtina
Original language name
We just estimated twenty million fiscal multipliers
Original language description
Abstract We analyse the role played by data and specification choices as determinants of the size of the fiscal multipliers obtained using structural vector autoregressive models. The results, based on over twenty million fiscal multipliers estimated for European countries, indicate that many seemingly harmless modelling choices have a significant effect on the size and precision of fiscal multiplier estimates. In addition to the structural shock identification strategy, these modelling choices include the definition of spending and taxes, the national accounts system employed, the use of particular interest rates or inflation measures, or whether data are smoothed prior to estimation. The cumulative effects of such arguably innocuous methodological choices can lead to a change in the spending multipliers of as much as 0.4 points.
Czech name
—
Czech description
—
Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
—
OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
<a href="/en/project/GA17-14263S" target="_blank" >GA17-14263S: Dynamic forecast averaging of macroeconomic models</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2020
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Oxford Bulletin of Economics and Statistics
ISSN
0305-9049
e-ISSN
1468-0084
Volume of the periodical
82
Issue of the periodical within the volume
3
Country of publishing house
GB - UNITED KINGDOM
Number of pages
20
Pages from-to
483-502
UT code for WoS article
000503252900001
EID of the result in the Scopus database
2-s2.0-85076782183