Auflistung LIF-SAFE Working Papers nach JEL-Klassifizierung "C54"
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Revisiting the Narrative Approach of Estimating Tax Multipliers
(2015-03-01)"A number of recent studies regress a ""narratively"" identified measure of a macroeconomic shock directly on an outcome variable. In this note, we argue that this approach can be viewed as the reduced-form regression of ... -
The Time for Austerity: Estimating the Average Treatment Effect of Fiscal Policy
(2014-04-01)After the Global Financial Crisis a controversial rush to fiscal austerity followed in many countries. Yet research on the effects of austerity on macroeconomic aggregates was and still is unsettled, mired by the difficulty ...