Arsenev, Aleksandr; Heimberger, Philipp; Schütz, Bernhard - 2023
important inputs for fiscal forecasts, and they are particularly relevant in the context of European Union (EU) fiscal rules, as … elasticities by focusing on 11 EU countries in the 1995-2020 period. Our results suggest that spending elasticities are sensitive … to small variations in data and model specification. For most EU countries, we reject the assumption that only …