Belke, Ansgar; Osowski, Thomas - 2016
This paper identifies and measures fiscal spillovers in the EU countries empirically, using a structurally stable … global vector autoregression (GVAR) model. For our purposes, the individual EU countries, as well as the most important … differentiate between the spillovers of fiscal shocks in specific EMU member countries and the spillovers of “regional” shocks, i …