Kapeller, Jakob; Leitch, Stuart; Wildauer, Rafael - 2021 - This version: November 2021
-structural VAR models for the EU27. These are used to study the impact of permanent as well as 5-year long public investment … programmes. Three key findings emerge: First, government investment multipliers for the EU27 are large and range from 5.12 to 5 … investment spending. The study therefore classifies additional public investment spending in the EU27 as sustainable fiscal …