Mehrotra, Aaron; Crespo Cuaresma, Jesús; Eller, Markus - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2011
under review. We find that a foreign fiscal shock affects domestic fiscal variables and vice versa, highlighting the …-border fiscal spillovers for Slovenia, the Czech Republic and Slovakia, while in Poland and Hungary, output reacts positively to a … Slovakia, while non-Keynesian responses are present in the Czech Republic, Poland and Slovenia. Our results imply that “one …