Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/129950
Authors: 
Contreras, Juan
Battelle, Holly
Year of Publication: 
2014
Series/Report no.: 
Working Papers, Banco de México 2014-15
Abstract: 
We estimate fiscal multipliers in a panel of countries using dynamic panel techniques and quarterly data for 55 countries. By using a GMM estimator and lagged dependent variables as instruments in a SVAR model, we attempt to correct for the biases present in this setting, to alleviate concerns about causality, and to decrease potential effects of third factors. Contrary to previous research, we find no strong evidence of monetary accommodation, a positive and larger fiscal multiplier in developing than in high-income countries, and zero in high-debt countries and in flexible exchange rates countries.
Subjects: 
Fiscal multipliers
Panel of countries
SVAR
GMM
JEL: 
E62
E63
H60
Document Type: 
Working Paper
Appears in Collections:

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.