How Long to Read Estimating Fiscal Multipliers with Correlated Heterogeneity

By Emmanouil Kitsios

How Long Does it Take to Read Estimating Fiscal Multipliers with Correlated Heterogeneity?

It takes the average reader and 51 minutes to read Estimating Fiscal Multipliers with Correlated Heterogeneity by Emmanouil Kitsios

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Description

We estimate the average fiscal multiplier, allowing multipliers to be heterogeneous across countries or over time and correlated with the size of government spending. We demonstrate that this form of nonseparable unobserved heterogeneity is empirically relevant and address it by estimating a correlated random coefficient model. Using a panel dataset of 127 countries over the period 1994-2011, we show that not accounting for omitted heterogeneity produces a significant downward bias in conventional multiplier estimates. We rely on both crosssectional and time-series variation in spending shocks, exploiting the differential effects of oil price shocks on fuel subsidies, to identify the average government spending multiplier. Our estimates of the average multiplier range between 1.4 and 1.6.

How long is Estimating Fiscal Multipliers with Correlated Heterogeneity?

Estimating Fiscal Multipliers with Correlated Heterogeneity by Emmanouil Kitsios is 51 pages long, and a total of 12,801 words.

This makes it 17% the length of the average book. It also has 16% more words than the average book.

How Long Does it Take to Read Estimating Fiscal Multipliers with Correlated Heterogeneity Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 9 minutes to read Estimating Fiscal Multipliers with Correlated Heterogeneity aloud.

What Reading Level is Estimating Fiscal Multipliers with Correlated Heterogeneity?

Estimating Fiscal Multipliers with Correlated Heterogeneity is suitable for students ages 8 and up.

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