G2TT
来源类型Discussion paper
规范类型论文
来源IDDP10628
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
URLhttps://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.
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