Lecture 4 Supplement

Lecture 4 Supplement - 1998 “Costly Capital Reallocation...

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Fall 2011 Christina Romer University of California, Berkeley David Romer ECONOMICS 210C / ECONOMICS 236A MONETARY HISTORY SUPPLEMENTAL READINGS SEPTEMBER 21 – EFFECTS OF FISCAL POLICY: GOVERNMENT SPENDING Baxter, Marianne, and Robert G. King. 1993. “Fiscal Policy in General Equilibrium.” American Economic Review 83 (June): 315-334. Galí, Jordi, J. David López-Salido, and Javier Vallés. 2007. “Understanding the Effects of Government Spending on Consumption.” Journal of the European Economic Association 5 (March): 227-270. Blanchard, Olivier J., and Roberto Perotti. 2002. “An Empirical Characterization of the Dynamic Effects of Changes in Government Spending and Taxes on Output.” Quarterly Journal of Economics 117 (November): 1329-1368. Perotti, Roberto. 1999. “Fiscal Policy in Good Times and Bad.” Quarterly Journal of Economics 114 (November): 1399-1436. Ramey, Valerie A., and Matthew D. Shapiro.
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Unformatted text preview: 1998. “Costly Capital Reallocation and the Effects of Government Spending.” Carnegie-Rochester Conference Series on Public Policy 48 (June): 145-194. Shoag, Daniel. 2010. “The Impact of Government Spending Shocks: Evidence on the Multiplier from State Pension Plan Returns.” Unpublished paper, Harvard University. Suárez Serrato, Juan Carlos, and Philippe Wingender. 2011. “Estimating Local Fiscal Multipliers.” Unpublished paper, University of California, Berkeley (March). Council of Economic Advisers. 2009. “The Economic Impact of the American Recovery and Reinvestment Act of 2009: First Quarterly Report.” September. http://www.whitehouse.gov/assets/documents/CEA_ARRA_Report_Final.pdf . Wilson, Daniel. 2011. “Fiscal Spending Multipliers: Evidence from the 2009 American Recovery and Reinvestment Act.” Federal Reserve Bank of San Francisco Working Paper 2010-17 (September)....
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