Devereux, Michael B.; Gente, Karine; Yu, Changhua - 2022
zero in the aggregate across countries. We apply this decomposition to an analysis of fiscal spillovers in the Eurozone …, using the production network structure from the World Input Output Database (WIOD). We find that fiscal spillovers from … international production network linkages, spillovers would be only a third as large as predicted by the baseline model. Finally, we …