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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- Jérôme Creel & Henri Sterdyniak, 2002.
"The fiscal theory of the price level and sluggish inflation: how important shall the wealth effect be?,"
Sciences Po publications
2002-01, Sciences Po.
- 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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- Michael Ehrmann, 2004. "Firm Size and Monetary Policy Transmission – Evidence from German Business Survey Data," CESifo Working Paper Series 1201, CESifo Group Munich.
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- 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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