Article ID Journal Published Year Pages File Type
965505 Journal of Macroeconomics 2012 29 Pages PDF
Abstract
► We study the evolution of fiscal multipliers for the UK, the US and Germany. ► We use a Factor-Augmented Vector Auto-Regression (FAVAR) approach. ► The estimations are run on rolling windows of 17 years over 1971-1999. ► For Germany, the next tax multiplier is found to follow a hump-shape curve. ► For the US (unlike the UK), short-run multipliers are found broadly stable.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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Changing patterns of fiscal policy multipliers in Germany, the UK and the US
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