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Estimating local fiscal multipliers using political connectionsLocal fiscal multiplierGovernment spendingPolitical connectionEarmarked transferWe use political connections between central and local governments in China to identify the effects of government spending. Our key innovation is using changes of central ...
Nodari (2015): "Estimat- ing Fiscal Multipliers: News From a Nonlinear World,"Economic Journal, 125(584), 746-776.Caggiano, G., Castelnuovo, E., Colombo, V. and Nodari, G. (2015). `Estimating scal multipliers: News from a nonlinear world', Economic Journal, Vol. 125, pp. 746776....
"Estimating Fiscal Multipliers: News From A Non-linear World." Economic Jour- nal 125(584): 746-776.Caggiano, G., Castelnuovo, E., Colombo, V., and Nodari, G. (2015). Estimating Fiscal Multipliers: News From A Non-linear World. The Economic Journal, 125(584):746- 776....
ESTIMATING FISCAL MULTIPLIERS: NEWS FROM A NON-LINEAR WORLDWei Li
Results show that (i) the 4-quarter and 8-quarter cumulative fiscal multipliers for general government spending range between 0.73 and 0.88 in baselines, in line with recent estimates for developed countries but larger than those for developing countries; (ii) government spending is more effective ...
are summarized, while subsequent discussions highlight how to calculate demographic multipliers from local surveys or census data, how to project the value of multifamily and nonresidential properties if only gross income is known, and background information on computer models for fiscal impact ...
Fiscal policyMultipliersForecast errorsBlanchard and Leigh (Am Econ Rev 103(3):117–120, 2013; IMF Econ Rev 62(2):179–212, 2014) find fiscal multipliers to be underestimated in the EU in the deep recession of the early 2010s. Using two 2013–2018 datasets for 26 EU member states, ...
Different methods of estimating the fiscal multipliers of the budgetary expenditures are reviewed in the article, including traditional methods, regression models and distributed lags models, the Perotti–Corsetti two-step method, and large econometric models. The author's calculations of the multipliers ...
We estimate the average fiscal multiplier, allowing multipliers to be heterogeneous across countries or over time and correlated with the size of government spending. We demonstrate that this form of nonseparable unobserved heterogeneity is empirically relevant and address it by estimating a correlated ...