Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/168204
Authors: 
Gechert, Sebastian
Paetz, Christoph
Villanueva, Paloma
Year of Publication: 
2017
Series/Report no.: 
Beiträge zur Jahrestagung des Vereins für Socialpolitik 2017: Alternative Geld- und Finanzarchitekturen - Session: Fiscal Policy D07-V2
Abstract: 
We construct a narrative dataset of net-revenue shocks for Germany by extending the tax shock series of Hayo and Uhl (2014) and coding a shock series for social security. We estimate the multiplier effects of shocks to taxes, social security contributions and benefits in a proxy SVAR framework (Mertens and Ravn 2013) and compare them with the top-down identification (Blanchard and Perotti 2002). We find multipliers of all components between 0 and 1 for both approaches.
JEL: 
E62
Document Type: 
Conference Paper

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