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Cross-Border Effects of Fiscal Consolidations: Estimates Based on Narrative Records
Hebous, Shafik; Zimmermann, Tom - CESifo - 2013
We estimate cross-border spillover effects of fiscal consolidation episodes on output, bilateral trade flows, interest rate, and the exchange rate, employing the new IMF action-based fiscal consolidation data. Results indicate a negative effect of foreign fiscal consolidation policies on...
Persistent link: https://www.econbiz.de/10010674455
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Estimating the Effects of Coordinated Fiscal Actions in the Euro Area
Hebous, Shafik; Zimmermann, Tom - CESifo - 2012
We estimate spillover effects of a fiscal shock in one member country in the euro area on outputs of the rest of the members, using a Global Vector Autoregression (GVAR) model. We compare the effects of a domestic fiscal shock with those of a similar size area-wide shock expressed as a weighted...
Persistent link: https://www.econbiz.de/10010568610
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Energy Use and Economic Growth in Africa: A Panel Granger-Causality Investigation
Arouri, Mohamed El Hedi; Youssef, Adel Ben; M'Henni, Hatem - CESifo - 2014
We make use of a bootstrap panel analysis of causality between energy use and economic growth for a sample of sixteen … African countries over the period 1988-2010. Our results show that growth and energy use are strongly linked in Africa …. However, African countries are heterogeneous and there is no “one way” recommendation about energy-growth relationship that …
Persistent link: https://www.econbiz.de/10010877974
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Energy Consumption, Economic Growth and CO2 Emissions in Middle East and North African Countries
Arouri, Mohamed El Hedi; Youssef, Adel Ben; M'Henni, Hatem - CESifo - 2012
hypothesis. Thus, our findings suggest that not all MENA countries need to sacrifice economic growth to decrease their emission … growth. …
Persistent link: https://www.econbiz.de/10009645652