| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7470 |
| DP7470 Competition Policy and Productivity Growth: An Empirical Assessment | |
| Giancarlo Spagnolo; Tomaso Duso; Paolo Buccirossi; Lorenzo Ciari | |
| 发表日期 | 2009-09-20 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | Empirical estimates of the impact of government spending shocks disagree on central issues such as the size of output multipliers and the responses of consumption and the real wage. One explanation for the disagreement is that fiscal shocks are often anticipated. Due to misspecification of the information set, anticipation effects may invalidate SVAR estimates of impulse responses. We use economic theory to derive a fiscal SVAR estimator that is applicable when fiscal shocks are anticipated. We study its properties and apply it to US data. We fail to find evidence that anticipation effects overturn the existing findings from the fiscal SVAR literature. |
| 主题 | International Macroeconomics |
| 关键词 | Anticipation effects Fiscal policy Structural vector autoregressions |
| URL | https://cepr.org/publications/dp7470 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/536290 |
| 推荐引用方式 GB/T 7714 | Giancarlo Spagnolo,Tomaso Duso,Paolo Buccirossi,et al. DP7470 Competition Policy and Productivity Growth: An Empirical Assessment. 2009. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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