| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w28425 |
| 来源ID | Working Paper 28425 |
| Partisanship and Fiscal Policy in Economic Unions: Evidence from U.S. States | |
| Gerald Carlino; Thorsten Drautzburg; Robert P. Inman; Nicholas Zarra | |
| 发表日期 | 2021-02-08 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | Partisanship of state level politicians affect the impact of federal fiscal policy in the U.S. Using data from close gubernatorial elections, we find partisan differences in the marginal propensity to spend federal transfers since the early 1980's: Republican governors spend less. A New Keynesian model of partisan states in a monetary union implies sizable aggregate income effects from these partisan differences. First, the transfer multiplier would rise by 0.60 if Republican governors were to spend as much from federal aid as do Democratic governors. Second, the observed changes in the share of Republican governors imply variation in the fiscal multiplier of 0.40. Local projection regressions support this prediction. |
| 主题 | Econometrics ; Estimation Methods ; Macroeconomics ; Fiscal Policy ; International Economics ; International Macroeconomics ; Subnational Fiscal Issues |
| URL | https://www.nber.org/papers/w28425 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/586098 |
| 推荐引用方式 GB/T 7714 | Gerald Carlino,Thorsten Drautzburg,Robert P. Inman,et al. Partisanship and Fiscal Policy in Economic Unions: Evidence from U.S. States. 2021. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w28425.pdf（759KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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