Credit and the transmission of fiscal policy shocks: Recent evidence from Greece

Based on the SVAR approach we examine the importance of credit for the transmission of fiscal policy shocks in Greece. Fiscal shocks have more pronounced effects on the output when credit is constrained. Tax burden shocks have the most protracted effects.

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Year of publication:	2014
Authors:	Tagkalakis, Athanasios O.
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 122.2014, 2, p. 263-267
Publisher:	Elsevier
Subject:	Fiscal shocks \| Credit \| Greece

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Type of publication:	Article
Classification:	E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation ; H62 - Deficit; Surplus ; H30 - Fiscal Policies and Behavior of Economic Agents. General ; O52 - Europe
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010743714