We estimate fiscal multipliers in a panel of countries using dynamic panel techniques and quarterly data for 55 …. Contrary to previous research, we find no strong evidence of monetary accommodation, a positive and larger fiscal multiplier in …

market confidence, bringing about a reduction in yield spreads? We employ a new panel data set which contains sovereign yield …

We estimate a panel VAR model that captures cross-country, dynamic interlinkages for 10 euro area countries using …

multiplier is inversely correlated with r-g. The calculations are based on the estimates of a factor-augmented interacted panel …-called r-g. Whether the fiscal shock occurs when r-g is positive or negative matters for the size of the multiplier. Median …

We build a factor-augmented interacted panel vector-autoregressive model of the Euro Area (EA) and estimate it with … economy is at the effective lower bound (ELB) or in normal times does not seem to matter for the size of the multiplier … average multiplier is about 1 in normal times and between 1.6 and 2.8 at the ELB, depending on the specification. The …