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Fiscal Expenditure Spillovers in the Euro Area : An Empirical and Model-Based Assessment
Alloza, Mario - 2020
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...
Persistent link: https://www.econbiz.de/10012833419
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Fiscal expenditure spillovers in the euro area : an empirical and model-based assessment
Alloza, Mario; Ferdinandusse, Marien; Jacquinot, Pascal; … - 2020
Persistent link: https://www.econbiz.de/10012221940
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Fiscal policy spillovers in the Euro Area : a new assessment
Afonso, António; Loureiro, Daniel - 2024
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 …
Persistent link: https://www.econbiz.de/10015077839
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Spillovers from tax shocks to the euro area
Mierzwa, Sascha - 2021 - This version: 07 September 2021
Kingdom to 11 Eurozone countries for the period 1980Q1-2018Q4 employing Local Projections (Jordà, 2005). In general, I find … spillovers from US tax legislation to have the smallest effects on Eurozone countries' real GDP and UK tax changes to exert the …
Persistent link: https://www.econbiz.de/10012649097
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Fiscal expenditure spillovers in the euro area: An empirical and model-based assessment
Alloza, Mario; Ferdinandusse, Marien; Jacquinot, Pascal; … - 2020
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...
Persistent link: https://www.econbiz.de/10012521144
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Estimating regime dependent fiscal spillover effects in a monetary union
Kunzmann, Vanessa - 2023
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...
Persistent link: https://www.econbiz.de/10014335117
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The Effectiveness of a Fiscal Transfer Mechanism in a Monetary Union : A DSGE Model for the Euro Area
Verstegen, Loes - 2016
In this paper, we incorporate a transfer mechanism into a DSGE model with a rich fiscal sector to assess the …
Persistent link: https://www.econbiz.de/10012988404
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Measuring fiscal spillovers in EMU and beyond : a global VAR approach
Belke, Ansgar; Osowski, Thomas - 2016
This paper identifies and measures fiscal spillovers in the EU countries empirically using a global vector 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...
Persistent link: https://www.econbiz.de/10011570987
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Measuring fiscal spillovers in EMU and beyond : a global VAR approach
Belke, Ansgar; Osowski, Thomas - 2016
This paper identifies and measures fiscal spillovers in the EU countries empirically, using a structurally stable global vector autoregression (GVAR) model. For our purposes, the individual EU countries, as well as the most important international trading partners, are modelled with a special...
Persistent link: https://www.econbiz.de/10011581983
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Choosing the European fiscal rule
Buss, Ginters; Grüning, Patrick; Tkačevs, Oļegs - In: Baltic journal of economics 24 (2024) 1, pp. 116-144
In order to quantitatively assess the potential effects from the ongoing transformation of the fiscal framework of the European Union, we evaluate the economic and public finance stabilization properties of two benchmark fiscal rules using a New Keynesian small open economy model. If these...
Persistent link: https://www.econbiz.de/10015065544