stronger within the EMU group than within the "Rest of Europe" due to tighter financial or trade links. … international trading partners, are modelled with a special focus on the effects of either single-country or coordinated fiscal … shocks such as increases in fiscal spending. Our aim is to look at the sign and the absolute values of fiscal spillovers in a …

autoregression (GVAR) model. Our aim is to look at the sign and the absolute values of fiscal spillovers in a country …-wise perspective and at the time profile (impulse response) of the impacts of fiscal shocks. We find moderate spillover effects of … fiscal policy shocks originating in Germany and France. However, there is significant variation regarding magnitude of the …

stronger within the EMU group than within the "Rest of Europe" due to tighter financial or trade links. … international trading partners, are modelled with a special focus on the effects of either single-country or coordinated fiscal … shocks such as increases in fiscal spending. Our aim is to look at the sign and the absolute values of fiscal spillovers in a …

The paper describes the main transmission channels of the spillovers of national fiscal policies to other countries … within the euro area and investigates their magnitude using different models. In the context of Economic and Monetary Union … (EMU), fiscal spillovers are relevant for the accurate assessment of the cyclical outlook in euro area countries, as well …

autoregression (GVAR) model. Our aim is to look at the sign and the absolute values of fiscal spillovers in a country …-wise perspective and at the time profile (impulse response) of the impacts of fiscal shocks. We find moderate spillover effects of … fiscal policy shocks originating in Germany and France. However, there is significant variation regarding magnitude of the …

2002Q1 to 2021Q4, with 16 Euro Area (EA) countries. We found that a budget balance expansionary shock in Germany would … significant spillovers on investment or income were observed following this shock. Greater and more significant spillovers were … found after an EA global shock. There are also positive effects on private investment. However, a global shock still does …

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 average of the fiscal shocks across all member countries. According to …

I estimate regime-dependent spillover effects from government spending shocks across the members of the European … Monetary Union (EMU). I use panel regressions for a total of 14 EMU economies from 1997 to 2022. Government spending shocks are … defined by unexpected innovations to forecast predictions of government purchases, similar to Auerbach and Gorodnichenko (2013 …

We quantify spillovers of inflation expectations between the United States (US) and Euro Area (EA) based on break … heteroscedasticity of the data, we are able to test the identifying restrictions of structural shocks and analyze time-varying spillovers …. Adjusted for BEI risk premia, our main result suggests that spillovers of inflation expectations increase during times of …

.e., ten countries from Central and Eastern Europe (CEE) and three Western EU members. The analysis is based on a FAVAR model … variables. An expansionary Euro area monetary policy shock raises production in most non-Euro area countries. Somewhat larger … and more instantaneous responses of production are observed in small open economies with fixed exchange rate regimes …