The missing intercept: a demand equivalence approach (Record no. 524224)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 01152nam a22001337a 4500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 231106b ||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Wolf, Christian K. |
| 245 ## - TITLE STATEMENT | |
| Title | The missing intercept: a demand equivalence approach |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
| Place of publication, distribution, etc | The American Economic Review |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 113(8), Aug, 2023: p.2232-2269 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | I give conditions under which changes in private spending are accommodated in general equilibrium exactly like changes in aggregate fiscal expenditure. Under such demand equivalence, researchers can use time series evidence on fiscal multipliers to recover the general equilibrium "missing intercept" of shocks to private spending identified in the cross section. Through the lens of this theory, time series estimates of a fiscal multiplier around one suggest a missing intercept close to zero—an observation that I illustrate with an application to the 2008 tax rebates. I also discuss the robustness of this aggregation approach to plausible violations of demand equivalence.- Reproduced https://www.aeaweb.org/articles?id=10.1257/aer.20211751 |
| 773 ## - HOST ITEM ENTRY | |
| Main entry heading | The American Economic Review |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Item type | Articles |
| Withdrawn status | Lost status | Source of classification or shelving scheme | Damaged status | Not for loan | Permanent location | Current location | Date acquired | Serial Enumeration / chronology | Barcode | Date last seen | Koha item type |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Indian Institute of Public Administration | Indian Institute of Public Administration | 2023-11-06 | 113(8), Aug, 2023: p.2232-2269 | AR1300103 | 2023-11-06 | Articles |