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EconStor >
ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/62326
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Hebous, Shafik | | en_US |
| dc.contributor.author | | Zimmermann, Tom | | en_US |
| dc.date.accessioned | | 2012-08-30 | | en_US |
| dc.date.accessioned | | 2012-09-13T09:55:59Z | | - |
| dc.date.available | | 2012-09-13T09:55:59Z | | - |
| dc.date.issued | | 2012 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/62326 | | - |
| dc.description.abstract | | We estimate spillover effects of a fiscal shock in one member country in the euro area on outputs of the rest of the members, using a Global Vector Autoregression (GVAR) model. We compare the effects of a domestic fiscal shock with those of a similar size area-wide shock expressed as a weighted average of the fiscal shocks across all member countries. According to our estimates, the impact of an area-wide fiscal shock on output of a member country tends to be positive and larger than that of a domestic shock. Since the cost of participating in the area-wide shock is lower than the cost of a similar size domestic shock, our finding indicates the importance of coordinated fiscal actions in the euro area. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | CESifo München | | en_US |
| dc.relation.ispartofseries | | CESifo Working Paper: Fiscal Policy, Macroeconomics and Growth 3912 | | en_US |
| dc.subject.jel | | E62 | | en_US |
| dc.subject.jel | | F41 | | en_US |
| dc.subject.jel | | F42 | | en_US |
| dc.subject.jel | | F15 | | en_US |
| dc.subject.jel | | H50 | | en_US |
| dc.subject.jel | | H60 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | fiscal policy coordination | | en_US |
| dc.subject.keyword | | cross-border spillovers | | en_US |
| dc.subject.keyword | | open economy macroeconomics | | en_US |
| dc.subject.keyword | | European integration | | en_US |
| dc.subject.keyword | | Global VAR | | en_US |
| dc.title | | Estimating the effects of coordinated fiscal actions in the euro area | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 722920911 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
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