U.S. Fiscal Multipliers

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Date

2015

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Abstract

This paper investigates whether government spending multipliers are time-varying.

The multipliers are measured using time-varying parameter (TVP) local projections.

This paper uses a simple modication to local projections that corrects for the inherent

autocorrelated errors in local projections. The results indicate that there is

evidence of time variation in government spending multipliers and that the results of

previous studies should be seriously questioned. The results also indicate that there

is significant time variation in the strength of Blanchard-Perotti and defense news

identified shocks.

Type

Master's thesis

Department

Statistical and Economic Modeling

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Subjects

Economics, Statistics, Bayesian statistics, Fiscal Multipliers, Instrumental variable, Local Projection, Time Varying Parameters

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https://hdl.handle.net/10161/10540

Citation

Lusompa, Amaze Basilwa (2015). U.S. Fiscal Multipliers. Master's thesis, Duke University. Retrieved from https://hdl.handle.net/10161/10540.

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