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Campo DC | Valor |
---|---|
dc.contributor.author | Burriel, Pablo |
dc.contributor.author | Castro Fernández, Francisco de |
dc.contributor.author | Garrote Sánchez, Daniel |
dc.contributor.author | Gordo, Esther |
dc.contributor.author | Pérez, Javier J. |
dc.coverage.spatial | Zona euro |
dc.coverage.spatial | Estados Unidos |
dc.date.accessioned | 2019-08-10T17:57:20Z |
dc.date.available | 2019-08-10T17:57:20Z |
dc.date.issued | 2009-12-29 |
dc.identifier.issn | ISSN: 0213-2710 (en papel) |
dc.identifier.issn | ISSN: 1579-8666 (en línea) |
dc.identifier.uri | https://repositorio.bde.es/handle/123456789/7031 |
dc.description.abstract | We analyse the impact of fiscal policy shocks in the euro area as a whole, using a newly available quarterly dataset of fiscal variables for the period 1981-2007. To allow for comparability with previous results on euro area countries and the US, we use a standard structural VAR framework, and study the impact of aggregated and disaggregated government spending and net taxes shocks. In addition, to frame euro area results, we apply the same methodology for the same sample period to US data. We also explore the sensitivity of the provided results to the inclusion of variables aiming at measuring "financial stress" (increases in risk) and "fiscal stress" (sustainability concerns). Analysing US and euro area data with a common methodology provides some interesting insights on the interpretation of fiscal policy shocks |
dc.format.extent | 38 p. : tab., gráf. |
dc.language.iso | eng |
dc.publisher | Banco de España |
dc.relation.ispartof | Documentos de Trabajo / Banco de España, 0930 |
dc.rights | Reconocimiento-NoComercial-CompartirIgual 4.0 Internacional (CC BY-NC-SA 4.0) |
dc.rights | In Copyright - Non Commercial Use Permitted |
dc.rights.uri | https://creativecommons.org/licenses/by-nc-sa/4.0/deed.es_ES |
dc.rights.uri | http://rightsstatements.org/vocab/InC-NC/1.0/ |
dc.subject | SVAR |
dc.subject | Fiscal shocks |
dc.subject | Fiscal multipliers |
dc.title | Fiscal policy shocks in the euro area and the US : an empirical assessment |
dc.type | Documento de trabajo |
dc.identifier.bdebib | 000275721 |
dc.identifier.bdepub | DTRA-200930-eng |
dc.subject.bde | Modelos de series temporales |
dc.subject.bde | Política fiscal |
dc.publisher.bde | Madrid : Banco de España, 2010 |
dc.subject.jel | H30 |
dc.subject.jel | E62 |