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Fiscal policies in Spain: Main stylises facts revisited

Francisco de Castro Fernández (), Francisco Martí, Antonio Montesinos, Javier Pérez () and A. Jesús Sánchez-Fuentes
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Francisco Martí: Banco de España
Antonio Montesinos: Banco de España
A. Jesús Sánchez-Fuentes: Universidad Complutense de Madrid

Authors registered in the RePEc Author Service: Antonio Jesus Sanchez Fuentes ()

No 1408, Working Papers from Banco de España, Working Papers Homepage

Abstract: We provide key stylised facts on fiscal policy developments in Spain over the past three decades using quarterly data (1986Q1-2012Q2). First, we compute stylised facts on the cyclical properties of fiscal policies over that period. Next, we report updated evidence on the macroeconomic effects of non-systematic fiscal policies, including updated estimates of their macroeconomic impact (fiscal multipliers) for alternative datasets. To perform the analysis in the paper we built up a comprehensive database of seasonally adjusted quarterly fiscal variables for the period of interest.

Keywords: fi scal policies; stylised facts; fiscal multipliers; mixed-frequencies; time-series models. (search for similar items in EconPapers)
JEL-codes: E62 E65 H6 C3 C82 (search for similar items in EconPapers)
Pages: 49 pages
Date: 2014-05
New Economics Papers: this item is included in nep-mac, nep-pbe and nep-pub
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6) Track citations by RSS feed

Downloads: (external link) ... /14/Fich/dt1408e.pdf First version, May 2014 (application/pdf)

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