Europa | Buy Guns or Buy Roses?: Multiplicadores fiscales del gasto en defensa de la UE

Europe | Buy Guns or Buy Roses?: EU Defence Spending Fiscal Multipliers

David Sarasa Flores

No 25/06, Working Papers from BBVA Bank, Economic Research Department

Abstract: Este documento ofrece la primera estimación completa del multiplicador fiscal dinámico del gasto en defensa para la UE-27, mediante la explotación de gasto públicos exógeno en defensa y empleando métodos de proyección local lineales y no lineales. This paper delivers the first comprehensive estimate of the dynamic fiscal multiplier of defence spending for the EU-27 by exploiting exogenous accrual-based government defence outlays and a combination of linear and non-linear Local Projection methods.

Keywords: Fiscal policy; Política fiscal; Local projections; Proyecciones locales; Europe; Europa; Macroeconomic Analysis; Análisis Macroeconómico; Public Finance; Finanzas Públicas; Geostrategy; Geoestrategia; Country Risk; Riesgo País; Working Paper; Documento de Trabajo (search for similar items in EconPapers)
JEL-codes: C13 E32 E62 F47 H56 H61 (search for similar items in EconPapers)
Pages: 73 pages
Date: 2025-06
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Persistent link: https://EconPapers.repec.org/RePEc:bbv:wpaper:2506

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