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Fiscal consolidations and spillovers in the Euro area periphery and core

Veld, Jan in 't - 2013

Persistent link: https://www.econbiz.de/10010232444

EMU and the cyclical behavior of fiscal policy : a suggested interpretation

Landmann, Oliver - 2014 - Rev.

Fiscal policy is widely criticized for its failure to act as a stabilizing countercyclical force in the European Monetary Union. Two periods should be distinguished: Prior to the Financial Crisis of 2008, when monetary policy had traction to pursue stability for the aggregate eurozone, fiscal...

Persistent link: https://www.econbiz.de/10010401689

The impact of fiscal austerity in the Eurozone

Zezza, Gennaro - In: Review of Keynesian economics (2012), pp. 37-54

Persistent link: https://www.econbiz.de/10009703792

Effects of cross country fiscal interdependence on multipliers within a monetary union

Kunzmann, Vanessa - 2022

This paper analyzes the effects of time-varying fiscal policy behavior on output and consumption multipliers within a … rigidities. I first show that multipliers differ significantly across fiscal regime mixes that follow a two-state Markov … calibration results show that consumption multipliers to be small and negative. However, the output multiplier is positive and …

Persistent link: https://www.econbiz.de/10012887782

Fiscal space on the eurozone periphery : the case of Spain

Uxó González, Jorge; Álvarez, Ignacio; Febrero, Eladio - 2017

On the one hand, every official document about fiscal policy in Spain, and most orthodox academic papers argue that Spain has no "fiscal space" and that it should apply resolute actions to assure budget consolidation. On the other hand, Spain also had the second highest unemployment rate in the...

Persistent link: https://www.econbiz.de/10011609617