000			01587nab#a2200253#c#4500
999			_c34312 _d34312
003			IEF
005			20221026184905.0
008			170929s2017 DEU|| #####0 b|ENG|u
040			_aIEF _cES-MaBCM
041			_aENG
100	1		_aLi, Rong _965663
245			_aPutting Government spending shocks under the microscope _bstandard vector autoregression versus the narrative approach _c Rong Li
260			_c2017
500			_aDisponible también en línea a través de la Biblioteca del Instituto de Estudios Fiscales. Resumen. Conclusión. Bibliografía.
520			_aStandard vector autoregression and the narrative approach yield contrasting responses ofconsumption and real wages to a government spending shock. A key difference in the approaches is the composition of identified shocks. Standard VAR features a large increasein government purchase of intermediate goods and services and investment, but a small response of government employment compensation. By contrast, the narrative approach identifies a smaller increase in intermediate goods and services purchase but a large increase in employment compensation. Furthermore, empirical evidence indicates impacts of fiscal stimulusvary considerably for different types of spending from the American Recovery and Reinvestment Act.
650		4	_aGASTO PUBLICO _944787
650		4	_aGOBIERNO _944995
650		4	_aMODELOS ECONOMETRICOS _947776
650		4	_aANÁLISIS DE REGRESIÓN _953408
773	0		_tFinanzArchiv _w21244 _gv. 73, n. 3, September 2017, p. 237-254
942			_cART _2udc
942			_2udc