Government Spending Multipliers in Good Times and in Bad: Evidence from U.S. Historical Data
Citations
738 citations
Cites background from "Government Spending Multipliers in ..."
...Auerbach and Gorodnichenko (2013) and Ramey and Zubairy (2014) discuss this application and how it relates to another leading method, smooth transition VARs....
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437 citations
Cites background from "Government Spending Multipliers in ..."
...…see, for example, Mertens (2018) on tax multipliers, Miyamoto et al (2018) on the multipliers under the zero lower bound in Japan, and the debate between Auerbach and Gorodnichenko (2012) and Ramey and Zubairy (2018) 39I examined the evidence for or against hysteresis in Blanchard (2018)....
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362 citations
Additional excerpts
...Ramey and Zubairy (2014) criticize Auerbach and Gorodnichenko s (2012) computation of the macroeconomic IRFs to a positive scal spending shock....
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355 citations
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References
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Additional excerpts
...Koop et al. (1996))....
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3,763 citations