The Time for Austerity: Estimating the Average Treatment Effect of Fiscal Policy
---- Acknowledgements -----
The views expressed herein are solely the responsibility of the authors and should not be interpreted as reflecting the views of the Federal Reserve Bank of San Francisco, the Board of Governors of the Federal Reserve System, or the National Bureau of Economic Research. We thank three referees and the editor as well as seminar participants at the Federal Reserve Bank of San Francisco, the Swiss National Bank, the NBER Summer Institute, the Bank for International Settlements, the European Commission, and HM Treasury for helpful comments and suggestions. We are particularly grateful to Daniel Leigh for sharing data and Early Elias for outstanding research assistance. All errors are ours.
---- Disclosure of Financial Relationships for Alan M. Taylor -----
Alan M. Taylor has served as an author, consultant or speaker for various policy making institutions and financial sector firms. He served as a Senior Advisor to Morgan Stanley in 2010-11.