Almeida, Vanda; Castro, Gabriela Lopes de; Félix, … - Banco de Portugal - 2010
This article is focused on fiscal stimulus and exit strategies in a small euro area economy. The analysis is based on a New-Keynesian general equilibrium model with non-Ricardian features introduced in Almeida, Castro and Félix (2010). We define a benchmark fiscal stimulus and, conditional on...