Cwik, Tobias J.; Wieland, Volker - Center for Financial Studies - 2009
. Thus, we investigate whether the discretionary spending announced by Euro area governments for 2009 and 2010 is likely to … boost euro area GDP by more than one for one. Because of modeling uncertainty, it is essential that such policy evaluations … purposes significantly. If announced government expenditures are implemented with delay the initial effect on euro area GDP …