000			01676nab#a2200277#c#4500
003			IEF
005			20180219161901.0
008			170911s2017 USA|| #####0 b|ENG|u
040			_aIEF
041			_aENG
100	1		_aLeeper, Eric Michael _925468
245			_aClearing up the fiscal multiplier morass _c by Eric M. Leeper, Nora Traumand Todd B. Walker
260			_c2017
500			_aDisponible también en línea a través de la Biblioteca del Instituto de Estudios Fiscales. Resumen. Bibliografía.
650		4	_aPOLITICA DE GASTO PUBLICO _948053
650		4	_aPOLITICA FISCAL _948067
650		4	_aEFECTO MULTIPLICADOR _960117
650		4	_aESTADOS UNIDOS _942888
520			_aWe quantify government spending multipliers in US data using Bayesian prior and posterior analysis of a monetary model with fiscal details and twodistinct monetary-fiscal policy regimes. The combination of model specification, observable data, and relativelydiffuse priors for some parameters lands posterior estimates in regions of the parameter space that yield fresh perspectives onthe transmission mechanisms that underlie government spending multipliers. Short-run output multipliers are comparable acrossregimes.posterior means around 1.3 on impact.but much larger after 10 years under passive money/active fiscalthan under activemoney/passive fiscal.90 percent credible sets of [1.5, 1.9] versus [0.1, 0.4 ] in present value, when estimated from 1955 to 2016.
700	1		_aTraum, Nora _958483
700	1		_aWalker, Todd Bruce _954721
773	0		_tThe American Economic Review _gv. 107, n. 8, August 2017, p. 2409-2454
942			_cART
942			_z148478
999			_c68622 _d68622