| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP10628 |
| DP10628 Natural Experiments in Macroeconomics | |
| Nicola Fuchs-Schündeln; Tarek Hassan | |
| 发表日期 | 2015-05-31 |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | A growing literature relies on natural experiments to establish causal effects in macroeconomics. In diverse applications, natural experiments have been used to verify underlying assumptions of conventional models, quantify specific model parameters, and identify mechanisms that have major effects on macroeconomic quantities but are absent from conventional models. We discuss and compare the use of natural experiments across these different applications and summarize what they have taught us about such diverse subjects as the validity of the Permanent Income Hypothesis, the size of the fiscal multiplier, and about the effects of institutions, social structure, and culture on economic growth. We also outline challenges for future work in each of these fields, give guidance for identifying useful natural experiments, and discuss the strengths and weaknesses of the approach. |
| 主题 | International Macroeconomics ; International Trade and Regional Economics ; Public Economics |
| 关键词 | Civic capital Fiscal multiplier Institutions Multiple equilibria Networks Permanent income hypothesis Social structure Social ties Trust |
| URL | https://cepr.org/publications/dp10628 |
| 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/539460 |
| 推荐引用方式 GB/T 7714 | Nicola Fuchs-Schündeln,Tarek Hassan. DP10628 Natural Experiments in Macroeconomics. 2015. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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