全球智库信息集成服务系统(G2TT): DP7930 A Model-Based Evaluation of the Debate on the Size of the Tax Multiplier

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP7930
	DP7930 A Model-Based Evaluation of the Debate on the Size of the Tax Multiplier
	Martín Uribe; Stephanie Schmitt-Grohé; Ryan Chahrour
发表日期	2010-07-01
出版年	2010
语种	英语
摘要	The SVAR and narrative approaches to estimating tax multipliers deliver significantly different results. The former yields multipliers of about 1 percent, whereas the latter produces much larger multipliers of about 3 percent. The SVAR and narrative approaches differ along two important dimensions: the identification scheme and the reduced-form transmission mechanism. This paper uses a DSGE-model approach to evaluate the hypothesis that the different tax multipliers stemming from the SVAR and narrative approaches are due to differences in the assumed reduced-form transmission mechanisms. The main finding of the paper is that in the context of the DSGE model employed this hypothesis is rejected. Instead, the observed differences in estimated multipliers are due either to both models failing to identify the same tax shock, or to small-sample uncertainty.
主题	International Macroeconomics
关键词	Dsge model Narrative approach Tax multiplier Var tax shocks
URL	https://cepr.org/publications/dp7930
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/536767
推荐引用方式 GB/T 7714	Martín Uribe,Stephanie Schmitt-Grohé,Ryan Chahrour. DP7930 A Model-Based Evaluation of the Debate on the Size of the Tax Multiplier. 2010.