Giuliodori, Massimo; Beetsma, Roel - In: De Economist 153 (2005) 2, pp. 167-197
We use a Vector Auto Regression (VAR) analysis to explore the (trade spill-over) effects of fiscal policy shocks in Europe. To enhance comparability with the existing literature, we first analyse the effects of these shocks at the national level. Here, we employ identification based on Choleski...