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Fiscal Multipliers in the Euro Area

Pablo Burriel (), Francisco de Castro Fernández (), Daniel Garrote, Esther Gordo (), Joan Paredes () and Javier Pérez ()
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Daniel Garrote: Research Department, Bank of Spain

Revista de Economía y Estadística, 2010, vol. XLVIII, issue 2, 7–27

Abstract: In a standard linear structural VAR framework we analyse the size and sign of fiscal multipliers in the euro area, using a newly available quarterly dataset of fiscal variables for the period 1981-2007. From a policy perspective, the analysis of fiscal multipliers in "average times" provides insights on the impact of both fiscal stimulus and fiscal consolidation measures, provided "good" and "bad" times are on average similar.

Keywords: Euro area; SVAR; Fiscal Shocks; Fiscal multipliers. (search for similar items in EconPapers)
JEL-codes: E62 H30 (search for similar items in EconPapers)
Date: 2010
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