| dc.creator | Fortunato, Andrés | |
| dc.creator | Herwartz, Helmut | |
| dc.date | 2023-02-02T18:09:41Z | |
| dc.date | 2023-02-02T18:09:41Z | |
| dc.date | 2023-01-25 | |
| dc.date.accessioned | 2023-07-21T16:36:47Z | |
| dc.date.available | 2023-07-21T16:36:47Z | |
| dc.identifier | 2196-436X | |
| dc.identifier | http://hdl.handle.net/11651/5484 | |
| dc.identifier | En: Latin American Economic Review, volumen 32, número 1, enero de 2023 | |
| dc.identifier | https://doi.org/10.47872/laer.v32.130 | |
| dc.identifier | https://ojs.latinaer.org/laer/article/view/130 | |
| dc.identifier.uri | https://repositorioslatinoamericanos.uchile.cl/handle/2250/7731913 | |
| dc.description | Threshold vector autoregressions, generalized impulse response, independent components, fiscal multiplier | |
| dc.description | In studying the economic cycle dependency of fiscal multipliers in Chile, we implement an independent component analysis for structural shock identification within a non-linear vector autoregressive setting with generalized impulse response functions. Thereby we relax more restrictive assumptions adopted in previous studies, namely the a-priori assumption of a recursive model structure and the use of linear impulse response functions. As a result, we cannot fully confirm core insights from more restrictive structural models: we find no significant differences in neither government spending nor government revenues multipliers when comparing different states of the economy. Moreover, our estimates imply that fiscal multipliers in Chile do not differ significantly from zero. | |
| dc.format | application/PDF | |
| dc.format | application/pdf | |
| dc.language | eng | |
| dc.publisher | Centro de Investigación y Docencia Económicas | |
| dc.relation | Latin American Economic Review, volumen 32, número 1, enero de 2023 | |
| dc.rights | La revista Latin American Economic Review autoriza a poner en acceso abierto de conformidad con las licencias CREATIVE COMMONS, aprobadas por el Consejo Académico Administrativo del CIDE, las cuales establecen los parámetros de difusión de las obras con fines no comerciales. Lo anterior sin perjuicio de los derechos morales que corresponden a los autores. | |
| dc.rights | Creative Commons Reconocimiento-NoComercial-SinObraDerivada 4.0 International CC BY-NC-ND | |
| dc.source | 2196-436X | |
| dc.title | State dependence of fiscal multipliers in Chile – an independent component approach to identification | |
| dc.type | Artículo | |
