Bénassy-Quéré, Agnès (contributor); … - 2006
largest EU economies (France, United Kingdom,
Italy, Spain, Netherlands, Belgium, Austria), we include y
j
t
and er
j
t
in (3 … domestic fiscal policy multipliers in Germany, the UK
and the US, and in cross-border fiscal spillovers from Germany to the … suggest that, in the Eu-
ropean Monetary Union, discretionary fiscal policy “surprises” (i.e. unexpected tax cuts and …