Fiscal Multipliers in the Euro Area

In a standard linear structural VAR framework we analyse the size and signof fi scal multipliers in the euro area, using a newly available quarterly datasetof fi scal variables for the period 1981-2007. From a policy perspective,the analysis of fi scal multipliers in “average times” provides insight...

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Bibliographic Details
Main Authors: Burriel, Pablo, de Castro, Francisco, Garrote, Daniel, Gordo, Esther, Paredes, Joan, Pérez, Javier J.
Format: Online
Language:eng
Published: Instituto de Economía y Finanzas. Facultad de Ciencias Económicas. Universidada Nacional de Córdoba. 2010
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Online Access:https://revistas.unc.edu.ar/index.php/REyE/article/view/4105
Description
Summary:In a standard linear structural VAR framework we analyse the size and signof fi scal multipliers in the euro area, using a newly available quarterly datasetof fi scal variables for the period 1981-2007. From a policy perspective,the analysis of fi scal multipliers in “average times” provides insights on theimpact of both fi scal stimulus and fi scal consolidation measures, provided“good” and “bad” times are on average similar.