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  • Roberto Perotti, Fiscal Policy (Trans-Atlantic Public Economics Seminar, TAPES) (American Economic Journal: Economic Policy 4 (2), 2010), chap. 9, https://www.nber.org/books-and-chapters/fiscal-policy-trans-atlantic-public-economics-seminar-tapes/effects-tax-shocks-output-not-so-large-not-small-either.

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In a seminal contribution, Romer and Romer (2010) (RR henceforth) estimate GDP tax multipliers of up to -3 after 3...

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