{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,10,15]],"date-time":"2026-10-15T19:39:53Z","timestamp":1792093193729,"version":"4.4.0"},"reference-count":33,"publisher":"Wiley","issue":"4","license":[{"start":{"date-parts":[[2024,3,5]],"date-time":"2024-03-05T00:00:00Z","timestamp":1709596800000},"content-version":"vor","delay-in-days":0,"URL":"http:\/\/onlinelibrary.wiley.com\/termsAndConditions#vor"}],"content-domain":{"domain":["onlinelibrary.wiley.com"],"crossmark-restriction":true},"short-container-title":["J of Applied Econometrics"],"published-print":{"date-parts":[[2024,6]]},"abstract":"<jats:title>Summary<\/jats:title><jats:p>I examine the properties of cross\u2010sectional estimators of multipliers, elasticities, or pass\u2010throughs when a conventional spatial macroeconomic specification generates the data. A number of important biases plague standard estimates; the most relevant one occurs when the units display heterogeneous dynamics. Methods that work well in this situation are suggested. An experimental setting shows the magnitude of the biases cross\u2010sectional estimators display. Average estimates of local fiscal multipliers in the US states are compared and contrasted.<\/jats:p>","DOI":"10.1002\/jae.3041","type":"journal-article","created":{"date-parts":[[2024,3,5]],"date-time":"2024-03-05T11:16:57Z","timestamp":1709637417000},"page":"589-606","update-policy":"https:\/\/doi.org\/10.1002\/crossmark_policy","source":"Crossref","is-referenced-by-count":21,"title":["Should we trust cross\u2010sectional multiplier estimates?"],"prefix":"10.1002","volume":"39","author":[{"given":"Fabio","family":"Canova","sequence":"first","affiliation":[{"name":"CAMP and CEPR Norwegian Business School  Oslo Norway"}],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"311","published-online":{"date-parts":[[2024,3,5]]},"reference":[{"key":"e_1_2_11_2_1","doi-asserted-by":"publisher","DOI":"10.1016\/j.jmoneco.2019.01.001"},{"key":"e_1_2_11_3_1","doi-asserted-by":"publisher","DOI":"10.3982\/ECTA11319"},{"key":"e_1_2_11_4_1","doi-asserted-by":"publisher","DOI":"10.1111\/ecoj.12076"},{"key":"e_1_2_11_5_1","doi-asserted-by":"publisher","DOI":"10.1111\/j.1468-2354.2004.00117.x"},{"key":"e_1_2_11_6_1","doi-asserted-by":"publisher","DOI":"10.1515\/9781400841028"},{"key":"e_1_2_11_7_1","doi-asserted-by":"publisher","DOI":"10.1093\/ej\/ueab004"},{"key":"e_1_2_11_8_1","doi-asserted-by":"publisher","DOI":"10.1111\/j.1468-0297.2007.02047.x"},{"key":"e_1_2_11_9_1","doi-asserted-by":"publisher","DOI":"10.1016\/j.jfineco.2020.06.025"},{"key":"e_1_2_11_10_1","doi-asserted-by":"publisher","DOI":"10.1016\/j.jfineco.2019.09.007"},{"key":"e_1_2_11_11_1","first-page":"156","article-title":"The effects of unconventional monetary policy on financial institutions","volume":"115","author":"Chodorow\u2010Reich G.","year":"2014","journal-title":"Brookings Papers on Economic Activity"},{"key":"e_1_2_11_12_1","doi-asserted-by":"publisher","DOI":"10.1257\/pol.20160465"},{"key":"e_1_2_11_13_1","doi-asserted-by":"publisher","DOI":"10.1257\/aer.20160034"},{"key":"e_1_2_11_14_1","doi-asserted-by":"publisher","DOI":"10.1016\/j.jmoneco.2017.07.007"},{"key":"e_1_2_11_15_1","doi-asserted-by":"publisher","DOI":"10.1257\/mac.20130329"},{"key":"e_1_2_11_16_1","doi-asserted-by":"publisher","DOI":"10.1086\/712321"},{"key":"e_1_2_11_17_1","doi-asserted-by":"publisher","DOI":"10.3390\/econometrics7010007"},{"key":"e_1_2_11_18_1","doi-asserted-by":"crossref","unstructured":"Ilzetzki E.(2020).The puzzling change in the international transmission of monetary policy shocks: CEPR discussion paper 15740.","DOI":"10.1016\/j.jinteco.2021.103444"},{"key":"e_1_2_11_19_1","doi-asserted-by":"publisher","DOI":"10.1162\/qjec.2005.120.1.1"},{"key":"e_1_2_11_20_1","doi-asserted-by":"publisher","DOI":"10.3982\/ECTA10104"},{"key":"e_1_2_11_21_1","doi-asserted-by":"publisher","DOI":"10.1016\/S0304-3932(00)00010-6"},{"key":"e_1_2_11_22_1","doi-asserted-by":"publisher","DOI":"10.1257\/pol.20140371"},{"key":"e_1_2_11_23_1","doi-asserted-by":"publisher","DOI":"10.3982\/ECTA14952"},{"key":"e_1_2_11_24_1","doi-asserted-by":"publisher","DOI":"10.1086\/707181"},{"issue":"6","key":"e_1_2_11_25_1","first-page":"2198","article-title":"What explains the 2007\u20102009 drop in employment","volume":"82","author":"Mian A.","year":"2014","journal-title":"Econometrica"},{"key":"e_1_2_11_26_1","doi-asserted-by":"publisher","DOI":"10.1257\/aer.100.2.373"},{"key":"e_1_2_11_27_1","doi-asserted-by":"publisher","DOI":"10.1257\/aer.104.3.753"},{"key":"e_1_2_11_28_1","doi-asserted-by":"publisher","DOI":"10.1111\/j.1468-0262.2006.00692.x"},{"key":"e_1_2_11_29_1","doi-asserted-by":"publisher","DOI":"10.1016\/j.jfineco.2021.01.008"},{"key":"e_1_2_11_30_1","doi-asserted-by":"publisher","DOI":"10.1257\/jep.33.2.89"},{"key":"e_1_2_11_31_1","unstructured":"Ramey V.(2020).Discussion of \u2018what do we learn from cross\u2010sectional empirical estimates in macroeconomics\u2019 by Adam Guren Alisdair Mckay Emi Nakamura Jon Steinsson: University of California San Diego."},{"key":"e_1_2_11_32_1","doi-asserted-by":"publisher","DOI":"10.1086\/696277"},{"key":"e_1_2_11_33_1","doi-asserted-by":"publisher","DOI":"10.1111\/ecoj.12593"},{"key":"e_1_2_11_34_1","doi-asserted-by":"publisher","DOI":"10.1016\/j.jeconom.2020.09.006"}],"container-title":["Journal of Applied Econometrics"],"original-title":[],"language":"en","link":[{"URL":"https:\/\/onlinelibrary.wiley.com\/doi\/pdf\/10.1002\/jae.3041","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2024,6,13]],"date-time":"2024-06-13T04:04:02Z","timestamp":1718251442000},"score":1,"resource":{"primary":{"URL":"https:\/\/onlinelibrary.wiley.com\/doi\/10.1002\/jae.3041"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2024,3,5]]},"references-count":33,"journal-issue":{"issue":"4","published-print":{"date-parts":[[2024,6]]}},"alternative-id":["10.1002\/jae.3041"],"URL":"https:\/\/doi.org\/10.1002\/jae.3041","archive":["Portico"],"relation":{},"ISSN":["0883-7252","1099-1255"],"issn-type":[{"value":"0883-7252","type":"print"},{"value":"1099-1255","type":"electronic"}],"subject":[],"published":{"date-parts":[[2024,3,5]]},"assertion":[{"value":"2021-05-14","order":0,"name":"received","label":"Received","group":{"name":"publication_history","label":"Publication History"}},{"value":"2022-03-08","order":1,"name":"accepted","label":"Accepted","group":{"name":"publication_history","label":"Publication History"}},{"value":"2024-03-05","order":2,"name":"published","label":"Published","group":{"name":"publication_history","label":"Publication History"}}]}}