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A Pitfall with Estimated DSGE-Based Government Spending Multipliers
16 references·14 citing·38 second hop
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References

  • 2005Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy5,868 cited
  • 2007Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach4,628 cited
  • 2002An Empirical Characterization of the Dynamic Effects of Changes in Government Spending and Taxes on Output2,924 cited
  • 2007Understanding the Effects of Government Spending on Consumption1,923 cited
  • 1999An Empirical Characterization of the Dynamic Effects of Changes in Government Spending and Taxes on Output1,891 cited
  • 2011When Is the Government Spending Multiplier Large?1,839 cited
  • 1990Fiscal Policy in General Equilibrium1,459 cited
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  • 1981Output Effects of Government Purchases685 cited
  • 2011What Fiscal Policy Is Effective at Zero Interest Rates?681 cited
  • 2010Effects of Fiscal Stimulus in Structural Models601 cited
  • 1988A Time Series Analysis of Representative Agent Models of Consumption and Leisure Choice under Uncertainty

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581 cited
  • 2010New Keynesian versus old Keynesian government spending multipliers550 cited
  • Cited by

    • 2019Shadow banking and financial regulation: A small-scale DSGE perspective64 cited
    • 2022The Government Spending Multiplier in a Multisector Economy45 cited
    • 2016In Search of the Transmission Mechanism of Fiscal Policy in the Euro Area40 cited
    • 2015Clearing Up the Fiscal Multiplier Morass38 cited
    • 2015Clearing Up the Fiscal Multiplier Morass: Prior and Posterior Analysis31 cited
    • 2018Propagation Mechanisms for Government Spending Shocks: A Bayesian Comparison28 cited
    • 2018HOW CAN THE GOVERNMENT SPENDING MULTIPLIER BE SMALL AT THE ZERO LOWER BOUND?27 cited
    • 2012Two fiscal policy puzzles revisited: New evidence and an explanation27 cited
    • 2020Fiscal multipliers and job-protection regulation26 cited
    • 2016Persistent government spending and fiscal multipliers: The investment-channel24 cited
    • 2015On the Size of the Government Spending Multiplier in the Euro Area18 cited
    • 2016Great recession, slow recovery and muted fiscal policies in the US18 cited
    • 2020Trade Flows and Fiscal Multipliers18 cited
    • 2016Optimal government spending at the zero lower bound: A non-Ricardian analysis12 cited