Similar Search Results

Inflation and fiscal policy : is there a threshold effect in the fiscal reaction function?

Briodeau, Clémence; Checherita-Westphal, Cristina - 2023

This paper estimates a fiscal reaction function (FRF) framework for euro area countries to test for the impact of changes in inflation on fiscal policy. We find evidence of non-linear short-term effects of HICP inflation on the primary balance after controlling for other relevant factors. Over...

Persistent link: https://www.econbiz.de/10014483665

Debt and growth : new evidence for the euro area

Baum, Anja; Checherita-Westphal, Cristina; Rother, … - 2012

Persistent link: https://www.econbiz.de/10009765167

Household saving and fiscal policy : evidence for the euro area from a thick modelling perspective

Checherita-Westphal, Cristina; Stecher, Marcel - 2021

and estimation uncertainty and no robust evidence for total private saving offset. Our results for the euro area are …

Persistent link: https://www.econbiz.de/10012745340

What explains the surge in euro area sovereign spreads during the financial crisis of 2007 - 09?

Attinasi, Maria-Grazia; Checherita-Westphal, Cristina; … - 2009

-à-vis Germany in selected euro area countries during the period end-July 2007 to end-March 2009, when the financial turmoil … announcements of substantial bank rescue packages. The paper finds that higher expected budget deficits and/or higher government … debt ratios relative to Germany contributed to higher government bond yield spreads in the euro area during the analysed …

Persistent link: https://www.econbiz.de/10003969288

Fiscal reaction function and fiscal fatigue : evidence for the euro area

Checherita-Westphal, Cristina; Žďárek, Václav - 2017

This paper estimates a fiscal reaction function (FRF) framework for euro area countries and derives a novel approach to measure fiscal fatigue. As in previous studies, we find evidence that euro area sovereigns abide, on average, by (weak) sustainability constraints. The primary balance improves...

Persistent link: https://www.econbiz.de/10011637036

Interest rate-growth differentials on government debt : an empirical investigation for the euro area

Checherita-Westphal, Cristina; Domingues Semeano, João - 2020

Persistent link: https://www.econbiz.de/10012306620

Euro area inflation differentials : the role of fiscal policies revisited

Checherita-Westphal, Cristina; Leiner-Killinger, Nadine; … - 2023

This paper provides a comprehensive empirical analysis of the role of discretionary fiscal policy for inflation differentials across the 19 euro area countries over the period 1999-2019. The results confirm existing (older) literature that it is difficult to find robust evidence of the fiscal...

Persistent link: https://www.econbiz.de/10013547978