Measuring fiscal spillovers in EMU and beyond: A Global VAR approach

Ansgar Belke and Thomas Osowski

VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking from Verein für Socialpolitik / German Economic Association

Abstract: We identifiy and measure fiscal spillovers in the EU countries using a global vector autoregression (GVAR) model. We find moderate spillover effects of fiscal policy shocks originating in Germany and France and significant variation regarding 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.

JEL-codes: C50 E61 F15 F42 H60 (search for similar items in EconPapers)
Date: 2017
New Economics Papers: this item is included in nep-mac
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Citations: View citations in EconPapers (1)

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Related works:
Journal Article: Measuring fiscal spillovers in EMU and beyond: A Global VAR approach (2019)
Working Paper: Measuring fiscal spillovers in EMU and beyond: A Global VAR approach (2016)
Working Paper: Measuring fiscal spillovers in EMU and beyond: A global VAR approach (2016)
Working Paper: Measuring fiscal spillovers in EMU and beyond: A global VAR approach (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:vfsc17:168102

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