References
- Auerbach, A. J. and Gorodnichenko, Y. (2010) Measuring the output responses to fiscal policy, NBER Working Paper No. 16311. doi:10.3386/w16311
- Barro, R. J. and Redlick, C. J. (2011) Macroeconomic effects from government purchases and taxes, Quarterly Journal of Economics, 126, 51–102.
- Blanchard, O. and Perotti, R. (2002) An empirical characterization of the dynamic effects of changes in government spending and taxes on output, Quarterly Journal of Economics, 117, 1329–68.
- Burnside, C., Eichenbaum, M. and Fisher, J. D. (2004) Fiscal shocks and their consequences, Journal of Economic Theory, 115, 89–117.
- Caldara, D. and Kamps, C. (2012) The Analytics of SVARs: A Unified Framework to Measure Fiscal Multipliers, Board of Governors of the Federal Reserve System, Washington, DC.
- Cavallo, M. (2005) Government employment expenditure and the effects of fiscal policy shocks, Federal Reserve Bank of San Francisco, Working Paper No. 16. doi:10.2139/ssrn.822930
- Céspedes, L. F., Fornero, J. and Galí, J. (2011) Non-Ricardian aspects of fiscal policy in Chile, Revista De Economía Chilena, 14, 79–107.
- Edelberg, W., Eichenbaum, M. and Fisher, J. D. (1999) Understanding the effects of a shock to government purchases, Review of Economic Dynamics, 2, 166–206.
- Galí, J., López-Salido, J. D. and Vallés, J. (2007) Understanding the effects of government spending on consumption, Journal of the European Economic Association, 5, 227–70.
- Gordon, R. J. and Krenn, R. (2010) The end of the great depression 1939–41: policy contributions and fiscal multipliers, NBER Working Paper No. 16380. doi:10.3386/w16380
- Hercowitz, Z. and Strawczynski, M. (2004) Cyclical ratcheting in government spending: evidence from the OECD, Review of Economics and Statistics, 86, 353–61.
- Kilian, L. (1998) Small-sample confidence intervals for impulse response functions, Review of Economics and Statistics, 80, 218–30.
- Larraín, F. and Parro, F. (2008) Chile menos volátil, El Trimestre Económico, 75, 563–96.
- Leeper, E. M., Walker, T. B. and Yang, S. C. S. (2013) Fiscal foresight and information flows, Econometrica, 81, 1115–45. doi:10.3982/ECTA8337
- Marcel, M., Tokman, M., Valdés, R. et al. (2001) Balance estructural: la base de la nueva regla de política fiscal chilena, Revista De Economía Chilena, 4, 6–27.
- Mountford, A. and Uhlig, H. (2009) What are the effects of fiscal policy shocks?, Journal of Applied Econometrics, 24, 960–92.
- Perotti, R. (2008) In search of the transmission mechanism of fiscal policy, in NBER Macroeconomics Annual 2007, Vol. 22, University of Chicago Press, Chicago, IL, pp. 169–226.
- Ramey, V. A. (2011a) Can government purchases stimulate the economy?, Journal of Economic Literature, 49, 673–85.
- Ramey, V. A. (2011b) Identifying government spending shocks: it’s all in the timing, Quarterly Journal of Economics, 126, 1–50.
- Ramey, V. A. and Shapiro, M. D. (1998) Costly capital reallocation and the effects of government spending, in Carnegie-Rochester Conference Series on Public Policy, Vol. 48. North-Holland, Amsterdam, pp. 145–94. doi:10.1016/S0167-2231(98)00020-7
- Romer, C. and Romer, D. H. (2010) The macroeconomic effects of tax changes: estimates based on a new measure of fiscal shocks, American Economic Review, 100, 763–801.
![Supercharge Your Next Research Paper: Research and write your next paper with Jenni AI.]({"type":"image" , "src" : "/sda/112446/MPU-L1EB.png"})