The effects of fiscal policy on the Spanish economy: Keynesian or non-Keynesian behavior?

Alejandro Ricci-Risquete and Julian Ramajo

Journal of Policy Modeling, 2015, vol. 37, issue 6, 1019-1048

Abstract: Can fiscal policy help to the ending of the economic crisis affecting Spain? Given this starting point, we study the effects on the Spanish economy of a shock to total public receipts or a shock to total public expenditure. With that objective in mind, we specify and estimate a vector error correction model with exogenous variables, using quarterly monetary and fiscal data for the Spanish economy from 1978 to 2009.

Keywords: Fiscal policy; Government spending; Public receipts; Vector error correction model; Spain (search for similar items in EconPapers)
JEL-codes: E62 E63 F41 H20 H50 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jpolmo:v:37:y:2015:i:6:p:1019-1048

DOI: 10.1016/j.jpolmod.2015.08.006

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