Giuliodori, Massimo (contributor); Beetsma, Roel (contributor) - 2004
expansive fiscal policy. We
extend the dynamic systems for the large economies by also including their imports from
other EU … have not included the United Kingdom as a “major economy”, because the fiscal data for the U.K. were
of very weak quality … EU countries. This effect on imports is tightly linked to the
influence that a fiscal expansion has on the national …