Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/175718 
Authors: 
Year of Publication: 
2017
Series/Report no.: 
ECB Working Paper No. 2094
Publisher: 
European Central Bank (ECB), Frankfurt a. M.
Abstract: 
Due to input-output linkages, an industry level shock can widely transmit to the rest of the economy. We identify government policies on the automobile industry, which change final prices and estimate their effect on sales and production. An example could be the scrappage schemes that many European governments introduced at the start of the Great Recession. In line with previous studies, we confirm that the effect on car sales is positive. More interestingly, we extend the literature that explores the effects of these policies on domestic and foreign production to disentangle the potential spill-overs.
Subjects: 
Bayesian GVAR
Fiscal Policy
Production
Automotive Industry
Spill-overs
JEL: 
C32
C54
E23
E62
H25
Persistent Identifier of the first edition: 
ISBN: 
978-92-899-2816-8
Document Type: 
Working Paper

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