Effects of Fiscal Policies in Four European Countries: A Non-linear Structural VAR Approach
This paper provides new estimates of the effects of fiscal policies by using a non-linear structural VAR model. This methodology is applied to Belgium, France, Germany and Netherlands cases. Results show that reactions to a fiscal shock are different according to the regime that prevails and across countries.
Volume (Year): 5 (2007)
Issue (Month): 22 ()
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References listed on IDEAS
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- Jerome Creel & Henri Sterdyniak, 2002.
"The fiscal theory of the price level and sluggish inflation: how important shall the wealth effect be?,"
Documents de Travail de l'OFCE
2002-01, Observatoire Francais des Conjonctures Economiques (OFCE).
- Jérôme Creel & Henri Sterdyniak, 2002. "The fiscal theory of the price level and sluggish inflation: how important shall the wealth effect be?," Working Papers hal-00972779, HAL.
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- Ehrmann, Michael, 2000. "Firm size and monetary policy transmission: evidence from German business survey data," Working Paper Series 0021, European Central Bank.
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- Carlo A. Favero, "undated". "How do European monetary and fiscal authorities behave?," Working Papers 214, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
- Favero, Carlo A., 2002. "How do European Monetary and Fiscal Authorities Behave?," CEPR Discussion Papers 3426, C.E.P.R. Discussion Papers.
- Hamilton, James D., 1990. "Analysis of time series subject to changes in regime," Journal of Econometrics, Elsevier, vol. 45(1-2), pages 39-70. Full references (including those not matched with items on IDEAS)
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