Coverart for item
The Resource A Primer on the Empirical Identification of Government Spending Shocks, Kristie M. Engemann, Michael T. Owyang, Sarah Zubairy, (electronic resource)

A Primer on the Empirical Identification of Government Spending Shocks, Kristie M. Engemann, Michael T. Owyang, Sarah Zubairy, (electronic resource)

Label
A Primer on the Empirical Identification of Government Spending Shocks
Title
A Primer on the Empirical Identification of Government Spending Shocks
Statement of responsibility
Kristie M. Engemann, Michael T. Owyang, Sarah Zubairy
Contributor
Subject
Genre
Language
eng
Summary
The empirical literature on the effects of government spending shocks lacks unanimity about the responses of consumption and wages. Proponents of shocks identified by structural vector autoregressions (VARs) find results consistent with New Keynesian models: consumption and wages increase. On the other hand, proponents of the narrative approach find results consistent with neoclassical models: consumption and wages decrease. This paper reviews these two identifications and confirms their differences by using standard economic series. It also uses alternative measures of government spending, output, and the labor market and shows that, although there are minor fluctuations within each identification, the disparate results between the two are robust to the alternative measures. However, under the structural VAR approach, the authors find some differences between the responses to federal and state/local government spending
Member of
Additional physical form
Also available as downloadable files.
Cataloging source
ICPSR
Characteristic
numeric data
Funding information
Federal Reserve Bank of St. Louis. Research Division.
Geographic coverage
United States.
Government publication
unknown if item is government publication
http://library.link/vocab/relatedWorkOrContributorName
  • Engemann, Kristie M
  • Owyang, Michael T
  • Zubairy, Sarah
  • Inter-university Consortium for Political and Social Research
Series statement
ICPSR
Series volume
22681
http://library.link/vocab/subjectName
  • Consumption
  • Economic activity
  • Economic behavior
  • Economic conditions
  • Economic indicators
  • Economic models
  • Economic policy
  • Economic trends
  • Fiscal policy
  • Government expenditures
  • Government spending
  • Households
  • Labor markets
  • Market economy
  • Wages and salaries
Target audience
specialized
Label
A Primer on the Empirical Identification of Government Spending Shocks, Kristie M. Engemann, Michael T. Owyang, Sarah Zubairy, (electronic resource)
Instantiates
Publication
Note
Title from ICPSR DDI metadata of 2009-04-22
Antecedent source
unknown
Color
mixed
Contents
Part 1: A Primer on the Empirical Identification of Government Spending Shocks
Control code
MIU01000000000000007093606
Dimensions
unknown
File format
multiple file formats
Governing access note
AVAILABLE. This study is freely available to the general public
Level of compression
unknown
Note
MU: Records downloaded from ICPSR site on Dec. 8, 2009.
Quality assurance targets
unknown
Reformatting quality
unknown
Specific material designation
remote
System control number
  • (OCoLC)ocn436449622
  • (OCoLC)436449622
  • (MiAaI)ICPSR22681
  • (OCoLC)ocn436449622
  • (OCoLC)436449622
  • (MiAaI)ICPSR22681
System details
Mode of access: World Wide Web
Type of computer file
1 dataset.
Label
A Primer on the Empirical Identification of Government Spending Shocks, Kristie M. Engemann, Michael T. Owyang, Sarah Zubairy, (electronic resource)
Publication
Note
Title from ICPSR DDI metadata of 2009-04-22
Antecedent source
unknown
Color
mixed
Contents
Part 1: A Primer on the Empirical Identification of Government Spending Shocks
Control code
MIU01000000000000007093606
Dimensions
unknown
File format
multiple file formats
Governing access note
AVAILABLE. This study is freely available to the general public
Level of compression
unknown
Note
MU: Records downloaded from ICPSR site on Dec. 8, 2009.
Quality assurance targets
unknown
Reformatting quality
unknown
Specific material designation
remote
System control number
  • (OCoLC)ocn436449622
  • (OCoLC)436449622
  • (MiAaI)ICPSR22681
  • (OCoLC)ocn436449622
  • (OCoLC)436449622
  • (MiAaI)ICPSR22681
System details
Mode of access: World Wide Web
Type of computer file
1 dataset.

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