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American Economic Journal: Economic Policy: Vol. 4 No. 2 (May 2012)

Front Matter (pp. i-x)
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Measuring the Output Responses to Fiscal Policy (pp. 1-27)
Alan J. Auerbach and Yuriy Gorodnichenko
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A Model-Based Evaluation of the Debate on the Size of the Tax Multiplier (pp. 28-45)
Ryan Chahrour, Stephanie Schmitt-Grohé and Martín Uribe
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Fiscal Policy Multipliers on Subnational Government Spending (pp. 46-68)
Jeffrey Clemens and Stephen Miran
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Measuring Tax Multipliers: The Narrative Method in Fiscal VARs (pp. 69-94)
Carlo Favero and Francesco Giavazzi
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Global Savings and Global Investment: The Transmission of Identified Fiscal Shocks (pp. 95-114)
James Feyrer and Jay Shambaugh
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Quantitative Effects of Fiscal Foresight (pp. 115-44)
Eric M. Leeper, Alexander W. Richter and Todd B. Walker
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Empirical Evidence on the Aggregate Effects of Anticipated and Unanticipated US Tax Policy Shocks (pp. 145-81)
Karel Mertens and Morten O. Ravn
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Fiscal Imbalances and Borrowing Costs: Evidence from State Investment Losses (pp. 182-213)
Robert Novy-Marx and Joshua D. Rauh
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The Effects of Tax Shocks on Output: Not So Large, but Not Small Either (pp. 214-37)
Roberto Perotti
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American Economic Journal: Economic Policy


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