Cuaresma, Jesús Crespo; Eller, Markus; Mehrotra, Aaron - In: Focus on European Economic Integration (2011) 2, pp. 44-68
under review. We find that a foreign fiscal shock affects domestic fiscal variables and vice versa, which highlights the …-border fiscal spillovers for Slovenia, the Czech Republic and Slovakia, while in Poland and Hungary, output reacts positively to a … Slovakia, while non-Keynesian responses are present in the Czech Republic, Poland and Slovenia. Our results imply that “one …