000			01540nab a2200289 c 4500
003			ES-MaIEF
005			20180424150027.0
007			t|
008			180424s2018 sp ||||| |||| 00| 0|spa d
040			_aES-MaIEF _bspa _cES-MaIEF
041			_aspa
100	1		_954671 _aHebous, Shafik
245		0	_aRevisiting the narrative approach of estimating tax multipliers _c Shafik Hebous, Tom Zimmermann
260			_c2018
500			_aDisponible en formato electrónico a través de la Biblioteca del IEF.
500			_aResumen.
504			_aBibliografía.
520			_aWe analyze whether popular measures of narrative tax shocks can be treated as relevant instruments for observable endogenous tax series of interest. We find that narrative tax measures are only weakly correlated with cyclically adjusted tax revenues for the US and the UK. Using weak-instrument robust inference, narrative tax measures often yield insignificant estimates of tax multipliers. We conclude that the literature currently understates the uncertainty associated with estimating the tax multiplier using the narrative approach.
650		4	_948067 _aPOLITICA FISCAL
650		4	_960117 _aEFECTO MULTIPLICADOR
650		4	_948241 _aREINO UNIDO
650		4	_942888 _aESTADOS UNIDOS
700	1		_960879 _aZimmermann, Tom
773	0		_9156060 _oOP 1376/2018/2 _tThe Scandinavian Journal of Economics _w(IEF)34704 _x 0347-0520 _g v. 120, n. 2, 2018, p. 428-439
856			_uhttps://onlinelibrary.wiley.com/doi/epdf/10.1111/sjoe.12232
942			_2udc _cART
999			_c137941 _d137941