stronger within the EMU group than within the "Rest of Europe" due to tighter financial or trade links. … international trading partners, are modelled with a special focus on the effects of either single-country or coordinated fiscal … shocks such as increases in fiscal spending. Our aim is to look at the sign and the absolute values of fiscal spillovers in a …

autoregression (GVAR) model. Our aim is to look at the sign and the absolute values of fiscal spillovers in a country …-wise perspective and at the time profile (impulse response) of the impacts of fiscal shocks. We find moderate spillover effects of … fiscal policy shocks originating in Germany and France. However, there is significant variation regarding magnitude of the …

stronger within the EMU group than within the "Rest of Europe" due to tighter financial or trade links. … international trading partners, are modelled with a special focus on the effects of either single-country or coordinated fiscal … shocks such as increases in fiscal spending. Our aim is to look at the sign and the absolute values of fiscal spillovers in a …

find moderate spillover effects of fiscal policy shocks originating in Germany and France and significant variation … regarding magnitude of the spillovers among destination countries and country clusters. Furthermore, we find some evidence that … spillovers generated by German or French fiscal spillovers are stronger for EMU than non-EMU countries in Europe. …

autoregression (GVAR) model. Our aim is to look at the sign and the absolute values of fiscal spillovers in a country …-wise perspective and at the time profile (impulse response) of the impacts of fiscal shocks. We find moderate spillover effects of … fiscal policy shocks originating in Germany and France. However, there is significant variation regarding magnitude of the …

We estimate spillover effects of a fiscal shock in one member country in the euro area on outputs of the rest of the … members, using a Global Vector Autoregression (GVAR) model. We compare the effects of a domestic fiscal shock with those of a … similar size area-wide shock expressed as a weighted average of the fiscal shocks across all member countries. According to …

We estimate spillover effects of a fiscal shock in one member country in the euro area on outputs of the rest of the … members, using a Global Vector Autoregression (GVAR) model. We compare the effects of a domestic fiscal shock with those of a … similar size area-wide shock expressed as a weighted average of the fiscal shocks across all member countries. According to …

We estimate spillover effects of a fiscal shock in one member country in the euro area on outputs of the rest of the … members, using a global vector autoregression (GVAR) model. We compare the effects of a domestic fiscal shock with those of a … similar size area-wide shock expressed as a weighted average of the fiscal shocks across all member countries. According to …

This paper studies the interactions of fiscal and monetary policies in the presence of fiscal spillovers within a … monetary union. When capital markets are integrated, the fiscal policy of any member country will influence equilibrium wages … and interest rates across the whole union. Thus there are fiscal spillovers within a federation. Within a general class of …

depends upon the nature of both the economic integration in Europe and the externalities from government spending. … model, as relative prices can change, countries have an incentive to improve their terms of trade. This externality together …