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来源类型 | CEPS Working Documents |
规范类型 | 论文 |
Measuring fiscal spillovers in EMU and beyond: A Global VAR approach | |
Ansgar Belke; Thomas Osowski | |
发表日期 | 2016-12-16 |
出版年 | 2016 |
语种 | 英语 |
摘要 | This paper empirically identifies and measures fiscal spillovers in the EU countries 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 impacts of fiscal shocks. We find moderate spillover effects of fiscal policy shocks originating in Germany and France. However, there is significant variation regarding the magnitude of the spillovers among destination countries and country clusters. Furthermore, we find some evidence that spillovers generated by German or French fiscal spillovers are stronger for EMU than non-EMU countries in Europe. Ansgar Belke is Professor in the Department of Economics at the University of Duisburg-Essen and Associate Senior Fellow at CEPS. Thomas Osowski is a Researcher at the University of Duisburg-Essen. |
主题 | Economy and Finance |
URL | https://www.ceps.eu/publications/measuring-fiscal-spillovers-emu-and-beyond-global-var-approach |
来源智库 | Centre for European Policy Studies (Belgium) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/62867 |
推荐引用方式 GB/T 7714 | Ansgar Belke,Thomas Osowski. Measuring fiscal spillovers in EMU and beyond: A Global VAR approach. 2016. |
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文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
WD428%20Fiscal%20spi(1728KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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