G2TT
来源类型Discussion paper
规范类型论文
来源IDDP15943
DP15943 Estimating General Equilibrium Spillovers of Large-Scale Shocks
Kilian Huber
发表日期2022-07-27
出版年2022
语种英语
摘要Large-scale shocks directly affect some firms and households and indirectly impact others through general equilibrium spillovers. In this paper, I describe how researchers can directly estimate spillovers using quasi-experimental or experimental variation. I then argue that spillover estimates suffer from distinct sources of mechanical bias that standard empirical tools cannot resolve. These biases are particularly relevant in finance and macroeconomics where multiple spillover channels and nonlinear effects are common. I offer guidance on how to detect and overcome mechanical biases. An application and several examples highlight that the suggested methods are broadly relevant and can inform policy and multiplier calculations.
主题International Finance ; International trade
关键词General equilibrium effects Spillovers Estimation Macroeconomic shocks Financial shocks
URLhttps://cepr.org/publications/dp15943-0
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/546595
推荐引用方式
GB/T 7714
Kilian Huber. DP15943 Estimating General Equilibrium Spillovers of Large-Scale Shocks. 2022.
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