Fiscal Multipliers in the Euro Area

Authors

  • Pablo Burriel Bank of Spain, Research Department (Madrid, Spain)
  • Francisco de Castro Bank of Spain, Research Department (Madrid, Spain)
  • Daniel Garrote Bank of Spain, Research Department (Madrid, Spain)
  • Esther Gordo Bank of Spain, Research Department (Madrid, Spain)
  • Joan Paredes European Central Bank, Fiscal Policies Division (Frankfurt am Main, Germany)
  • Javier J. Pérez Bank of Spain, Research Department (Madrid, Spain)

DOI:

https://doi.org/10.55444/2451.7321.2010.v48.n2.4105

Keywords:

euro area , SVAR , fiscal shocks, fiscal multipliers

Abstract

In a standard linear structural VAR framework we analyse the size and signof fi scal multipliers in the euro area, using a newly available quarterly datasetof fi scal variables for the period 1981-2007. From a policy perspective,the analysis of fi scal multipliers in “average times” provides insights on theimpact of both fi scal stimulus and fi scal consolidation measures, provided“good” and “bad” times are on average similar.

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Published

2010-12-01

How to Cite

Burriel, P., de Castro, F., Garrote, D., Gordo, E., Paredes, J., & Pérez, J. J. (2010). Fiscal Multipliers in the Euro Area. Revista De Economía Y Estadística, 48(2), 7–27. https://doi.org/10.55444/2451.7321.2010.v48.n2.4105

Issue

Vol. 48 No. 2 (2010)

Section

ARTÍCULOS

License

Copyright (c) 2010 Pablo Burriel, Francisco de Castro, Daniel Garrote, Esther Gordo, Joan Paredes, Javier J. Pérez

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