How Big (Small?) Are Fiscal Multipliers?

Testing for unit roots in heterogeneous panels

Kyung So Im, M. Hashem Pesaran, Yongcheol Shin · Journal of Econometrics · 2003 · 15K citations · Full text

Social Sciences, Economics, Causal Inference +9

An Empirical Characterization of the Dynamic Effects of Changes in Government Spending and Taxes on Output

Olivier Blanchard, Roberto Perotti · The Quarterly Journal of Economics · 2002 · 2.9K citations

Public Affairs, Economics, Public Finance +13

When Is the Government Spending Multiplier Large?

Lawrence J. Christiano, Martin Eichenbaum, Sérgio Rebelo · Journal of Political Economy · 2011 · 1.9K citations · Full text

Social Sciences, Economics, Public Finance +12

Measuring the Output Responses to Fiscal Policy

Alan J. Auerbach, Yuriy Gorodnichenko · American Economic Journal Economic Policy · 2012 · 1.7K citations

Public Affairs, Economics, Public Finance +17

Identifying Government Spending Shocks: It's all in the Timing*

Valerie Ramey · The Quarterly Journal of Economics · 2011 · 1.7K citations · Full text

Social Sciences, Economics, Public Finance +13