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American Economic Journal: Economic Policy
POL May 2012

American Economic Journal: Economic Policy

Vol. 4 No. 2 May 2012

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Title

Abstract

Author

Front Matter (pp. i-x)

Measuring the Output Responses to Fiscal Policy

Alan J. Auerbach and Yuriy Gorodnichenko

(pp. 1-27)

A Model-Based Evaluation of the Debate on the Size of the Tax Multiplier

Ryan Chahrour, Stephanie Schmitt-Grohé and Martín Uribe

(pp. 28-45)

Fiscal Policy Multipliers on Subnational Government Spending

Jeffrey Clemens and Stephen Miran

(pp. 46-68)

Measuring Tax Multipliers: The Narrative Method in Fiscal VARs

Carlo Favero and Francesco Giavazzi

(pp. 69-94)

Global Savings and Global Investment: The Transmission of Identified Fiscal Shocks

James Feyrer and Jay Shambaugh

(pp. 95-114)

Quantitative Effects of Fiscal Foresight

Eric M. Leeper, Alexander W. Richter and Todd B. Walker

(pp. 115-44)

Empirical Evidence on the Aggregate Effects of Anticipated and Unanticipated US Tax Policy Shocks

Karel Mertens and Morten O. Ravn

(pp. 145-81)

Fiscal Imbalances and Borrowing Costs: Evidence from State Investment Losses

Robert Novy-Marx and Joshua D. Rauh

(pp. 182-213)

The Effects of Tax Shocks on Output: Not So Large, but Not Small Either

Roberto Perotti

(pp. 214-37)