Finance and Economics Discussion Series: The Analytics of Svars: A Unified Framework to Measure Fiscal Multipliers by Dario Caldara, Christophe Kamps

Finance and Economics Discussion Series: The Analytics of Svars: A Unified Framework to Measure Fiscal Multipliers

Dario Caldara, Christophe Kamps

72 pages missing pub info (editions)

nonfiction politics challenging informative reflective medium-paced
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Does fiscal policy stimulate output? SVARs have been used to address this question but no stylized facts have emerged. We derive analytical relationships between the output elasticities of fiscal variables and fiscal multipliers. We show that stan...

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