Gadatsch, Niklas; Hauzenberger, Klemens; Stähler, Nikolai - 2014
the world and which is used by the Deutsche Bundesbank for policy analysis, to analyze how discretionary fiscal policy in … most important one. Spillovers of fiscal policy shocks are negligibly small, which holds for spillovers of fiscal shocks in … domestic fiscal policy has little effects on the other regions' GDP within EMU and can, therefore, contribute only little to …