The Economic Transmission of Fiscal Policy Shocks from Western to Eastern Europe
Author
Abstract
Suggested Citation
Download full text from publisher
Other versions of this item:
- Crespo Cuaresma, Jesús & Eller, Markus & Mehrotra, Aaron, 2011. "The economic transmission of fiscal policy shocks from Western to Eastern Europe," BOFIT Discussion Papers 12/2011, Bank of Finland Institute for Emerging Economies (BOFIT).
References listed on IDEAS
- de Castro, Francisco & Hernández de Cos, Pablo, 2008. "The economic effects of fiscal policy: The case of Spain," Journal of Macroeconomics, Elsevier, vol. 30(3), pages 1005-1028, September.
- Filippo di Mauro & L. Vanessa Smith & Stephane Dees & M. Hashem Pesaran, 2007.
"Exploring the international linkages of the euro area: a global VAR analysis,"
Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 22(1), pages 1-38.
- Stephane Dees & Filippo di Mauro & M. Hashem Pesaran & L. Vanessa Smith, 2004. "Exploring the International Linkages of the Euro Area: A Global VAR Analysis," IEPR Working Papers 04.6, Institute of Economic Policy Research (IEPR).
- Dées, Stéphane & di Mauro, Filippo & Pesaran, Hashem & Smith, Vanessa, 2005. "Exploring the international linkages of the euro area: a global VAR analysis," Working Paper Series 568, European Central Bank.
- Stephane Dees & Filippo di Mauro & M. Hashem Pesaran & L. Vanessa Smith, 2005. "Exploring the International Linkages of the Euro Area: a Global VAR Analysis," CESifo Working Paper Series 1425, CESifo.
- Stephane Dees & Filippo di Mauro & M. Hashem Pesaran & L. Vanessa Smith, 2006. "Exploring the International Linkages of the Euro Area: a Global VAR Analysis," Computing in Economics and Finance 2006 47, Society for Computational Economics.
- Dees, S. & di Mauro, F. & Pesaran, M.H. & Smith, L.V., 2005. "Exploring the International Linkages of the Euro Area: a Global VAR Analysis," Cambridge Working Papers in Economics 0518, Faculty of Economics, University of Cambridge.
- Lütkepohl,Helmut & Krätzig,Markus (ed.), 2004. "Applied Time Series Econometrics," Cambridge Books, Cambridge University Press, number 9780521839198.
- Fatás, Antonio & Mihov, Ilian, 2001. "The Effects of Fiscal Policy on Consumption and Employment: Theory and Evidence," CEPR Discussion Papers 2760, C.E.P.R. Discussion Papers.
- Lütkepohl,Helmut & Krätzig,Markus (ed.), 2004. "Applied Time Series Econometrics," Cambridge Books, Cambridge University Press, number 9780521547871.
- Ágnes Horváth & Zoltán M. Jakab & Gábor P. Kiss & Balázs Párkányi, 2006. "Myths and Maths: Macroeconomic Effects of Fiscal Adjustments in Hungary," MNB Occasional Papers 2006/52, Magyar Nemzeti Bank (Central Bank of Hungary).
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Milan Deskar Škrbić & Hrvoje Šimović, 2015. "The size and determinants of fiscal multipliers in Western Balkans: comparing Croatia, Slovenia and Serbia," EFZG Working Papers Series 1510, Faculty of Economics and Business, University of Zagreb.
- Catherine Prettner & Klaus Prettner, 2012.
"After Two Decades of Integration: How Interdependent are Eastern European Economies and the Euro Area?,"
Department of Economics Working Papers
wuwp138, Vienna University of Economics and Business, Department of Economics.
- Prettner, Catherine & Prettner, Klaus, 2012. "After Two Decades of Integration: How Interdependent are Eastern European Economies and the Euro Area?," Department of Economics Working Paper Series 138, WU Vienna University of Economics and Business.
- Catherine Prettner & Klaus Prettner, 2012. "After Two Decades of Integration: How Interdependent are Eastern European Economies and the Euro Area?," EcoMod2012 4421, EcoMod.
- Goran Petrevski & Jane Bogoev & Dragan Tevdovski, 2016. "Fiscal and monetary policy effects in three South Eastern European economies," Empirical Economics, Springer, vol. 50(2), pages 415-441, March.
- Haug, Alfred A. & Jędrzejowicz, Tomasz & Sznajderska, Anna, 2019. "Monetary and fiscal policy transmission in Poland," Economic Modelling, Elsevier, vol. 79(C), pages 15-27.
- Markus Eller & Martin Feldkircher & Florian Huber, 2017. "How would a fiscal shock in Germany affect other European countries? Evidence from a Bayesian GVAR model with sign restrictions," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue 1, pages 54-77.
- Ianc, Nicolae-Bogdan & Turcu, Camelia, 2020.
"So alike, yet so different: Comparing fiscal multipliers across EU members and candidates,"
Economic Modelling, Elsevier, vol. 93(C), pages 278-298.
- Nicolae-Bogdan IANC & Camélia TURCU, 2020. "So alike, yet so different: comparing fiscal multipliers across EU members and candidates," LEO Working Papers / DR LEO 2792, Orleans Economics Laboratory / Laboratoire d'Economie d'Orleans (LEO), University of Orleans.
- Mirdala, Rajmund & Kameník, Martin, 2017. "Effects of Fiscal Policy Shocks in CE3 Countries (TVAR Approach)," MPRA Paper 79918, University Library of Munich, Germany.
- Stanova, Nadja, 2015. "Effects of fiscal shocks in new EU members estimated from a SVARX model with debt feedback," MPRA Paper 63148, University Library of Munich, Germany.
- Jan Čapek & Jesús Crespo Cuaresma, 2020.
"We just estimated twenty million fiscal multipliers,"
Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 82(3), pages 483-502, June.
- Jesus Crespo Cuaresma & Jan Capek, 2018. "We just estimated twenty million fiscal multipliers," Department of Economics Working Papers wuwp268, Vienna University of Economics and Business, Department of Economics.
- Capek, Jan & Crespo Cuaresma, Jesus, 2018. "We just estimated twenty million fiscal multipliers," Department of Economics Working Paper Series 268, WU Vienna University of Economics and Business.
- Jan Babecky & Michal Franta & Jakub Rysanek, 2016. "Effects of Fiscal Policy in the DSGE-VAR Framework: The Case of the Czech Republic," Working Papers 2016/09, Czech National Bank.
- Dragan Tevdovski & Goran Petrevski & Jane Bogoev, 2019.
"The effects of macroeconomic policies under fixed exchange rates: A Bayesian VAR analysis,"
Economic Research-Ekonomska Istraživanja, Taylor & Francis Journals, vol. 32(1), pages 2138-2160, January.
- Tevdovski, Dragan & Petrevski, Goran & Bogoev, Jane, 2016. "The effects of macroeconomic policies under fixed exchange rates: A Bayesian VAR analysis," MPRA Paper 73461, University Library of Munich, Germany, revised 21 Jun 2016.
- Stanova, Nadja, 2015. "Fiscal discretion, growth and output volatility in new EU member countries," MPRA Paper 63946, University Library of Munich, Germany.
- Alfred A. Haug & Tomasz Jedrzejowicz & Anna Sznajderska, 2013.
"Combining Monetary and Fiscal Policy in an SVAR for a Small Open Economy,"
Working Papers
1313, University of Otago, Department of Economics, revised Oct 2013.
- Alfred A.Haug & Tomasz Jędrzejowicz & Anna Sznajderska, 2013. "Combining monetary and fiscal policy in an SVAR for a small open economy," NBP Working Papers 168, Narodowy Bank Polski.
- Keppel, Catherine & Prettner, Klaus, 2015.
"How interdependent are Eastern European economies and the Euro area?,"
The Quarterly Review of Economics and Finance, Elsevier, vol. 58(C), pages 18-31.
- Prettner, Catherine & Prettner, Klaus, 2014. "How interdependent are Eastern European economies and the Euro area?," University of Göttingen Working Papers in Economics 187, University of Goettingen, Department of Economics.
- Babecký, Jan & Franta, Michal & Ryšánek, Jakub, 2018. "Fiscal policy within the DSGE-VAR framework," Economic Modelling, Elsevier, vol. 75(C), pages 23-37.
- Nicolae-Bogdan Ianc & Camelia Turcu, 2019. "So alike, yet so different: comparing fiscal multipliers across E(M)U candidates," Working Papers 2019.03, International Network for Economic Research - INFER.
- Danica Unevska Andonova & Marija Petkovska, 2011. "The transmission of external shocks to the Macedonian economic activity," Working Papers 2011-03, National Bank of the Republic of North Macedonia.
- Iulia ROȘOIU, 2019. "Fiscal Policy in Emerging Economies Romania, Poland, Hungary, Czech Republic," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 20(3), pages 279-285, July.
- Milan Deskar-Škrbić & Hrvoje Šimović, 2017. "The effectiveness of fiscal spending in Croatia, Slovenia and Serbia: the role of trade openness and public debt level," Post-Communist Economies, Taylor & Francis Journals, vol. 29(3), pages 336-358, July.
- Petrevski, Goran & Exterkate, Peter & Tevdovski, Dragan & Bogoev, Jane, 2015. "The transmission of foreign shocks to South Eastern European economies: A Bayesian VAR approach," Economic Systems, Elsevier, vol. 39(4), pages 632-643.
- Michal Franta, 2012. "Macroeconomic Effects of Fiscal Policy in the Czech Republic: Evidence Based on Various Identification Approaches in a VAR Framework," Working Papers 2012/13, Czech National Bank.
- Voinescu Ioan-Vlad, 2018. "Fiscal multipliers in Romania," The Review of Finance and Banking, Academia de Studii Economice din Bucuresti, Romania / Facultatea de Finante, Asigurari, Banci si Burse de Valori / Catedra de Finante, vol. 10(1), pages 026-046, June.
- Goran Petrevski & Jane Bogoev & Dragan Tevdovski, 2015. "The transmission of foreign shocks to South Eastern European economies," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 42(4), pages 747-767, November.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- repec:zbw:bofitp:2011_012 is not listed on IDEAS
- Jesús Crespo Cuaresma & Markus Eller & Aaron Mehrotra, 2011.
"The Economic Transmission of Fiscal Policy Shocks from Western to Eastern Europe,"
Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue 2, pages 44-68.
- Crespo Cuaresma, Jesús & Eller, Markus & Mehrotra, Aaron, 2011. "The economic transmission of fiscal policy shocks from Western to Eastern Europe," BOFIT Discussion Papers 12/2011, Bank of Finland, Institute for Economies in Transition.
- Michal Franta, 2012. "Macroeconomic Effects of Fiscal Policy in the Czech Republic: Evidence Based on Various Identification Approaches in a VAR Framework," Working Papers 2012/13, Czech National Bank.
- Ian Borg, "undated". "Fiscal Multipliers in Malta," CBM Working Papers WP/06/2014, Central Bank of Malta.
- Nkrumah, Kwabena Meneabe, 2020.
"Fiscal Policy Innovations in Advanced Economies,"
MPRA Paper
98740, University Library of Munich, Germany.
- Ackon, Kwabena Meneabe, 2020. "Fiscal Policy Innovations In Advanced Economies," MPRA Paper 100737, University Library of Munich, Germany.
- Márquez, Miguel A. & Ramajo, Julián & Hewings, Geoffrey J. D., 2011. "Public Capital and Regional Economic Growth: a SVAR Approach for the Spanish Regions," INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, Asociación Española de Ciencia Regional, issue 21, pages 199-223.
- Pirovano, Mara, 2012. "Monetary policy and stock prices in small open economies: Empirical evidence for the new EU member states," Economic Systems, Elsevier, vol. 36(3), pages 372-390.
- Bode, Oliver & Gerke, Rafael & Schellhorn, Hannes, 2006. "Die Wirkung fiskalischer Schocks auf das Bruttoinlandsprodukt," Working Papers 01/2006, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung.
- D. (Derek) Bond & Michael J. Harrison & Edward J. (Edward Joseph) O'Brien, 2009. "Exploring long memory and nonlinearity in Irish real exchange Rates using tests based on semiparametric estimation," Working Papers 200901, School of Economics, University College Dublin.
- Yılmaz, Engin & Süslü, Bora, 2015. "The Calculation of Weighted Price Elasticity of Tax: Turkey (1998-2013)," MPRA Paper 64417, University Library of Munich, Germany, revised 15 Apr 2015.
- Anton Velinov, 2014. "Assessing the Sustainability of Government Debt: On the Different States of the Debt/GDP Process," Discussion Papers of DIW Berlin 1359, DIW Berlin, German Institute for Economic Research.
- Ulrich Fritsche & Vladimir Kuzin, 2005.
"Declining output volatility in Germany: impulses, propagation, and the role of monetary policy,"
Applied Economics, Taylor & Francis Journals, vol. 37(21), pages 2445-2457.
- Ulrich Fritsche & Vladimir Kuzin, 2004. "Declining Output Volatility in Germany: Impulses, Propagation, and the Role of Monetary Policy," Discussion Papers of DIW Berlin 433, DIW Berlin, German Institute for Economic Research.
- Ulrich Fritsche & Vladimir Kuzin, 2005. "Declining Output Volatility in Germany: Impulses, Propagation, and the Role of the Monetary Policy," Money Macro and Finance (MMF) Research Group Conference 2005 70, Money Macro and Finance Research Group.
- João Sousa Andrade, 2006. "Mobilidade do Capital e Sustentabilidade Externa: uma aplicação da tese de F-H a Portugal (1910-2004)," GEMF Working Papers 2006-04, GEMF, Faculty of Economics, University of Coimbra.
- Ihle, Rico & Brümmer, Bernhard & Thompson, Stanley R., 2010. "Structural change in European calf markets: Policy decoupling and movement restrictions," 114th Seminar, April 15-16, 2010, Berlin, Germany 61085, European Association of Agricultural Economists.
- Francisco de Castro & Pablo Hernández de Cos, 2006.
"The economic effects of exogenous fiscal shocks in Spain: a SVAR approach,"
Working Papers
0604, Banco de España.
- Hernández de Cos, Pablo & de Castro Fernández, Francisco, 2006. "The economic effects of exogenous fiscal shocks in Spain: a SVAR approach," Working Paper Series 647, European Central Bank.
- Kascha, Christian & Trenkler, Carsten, 2011.
"Bootstrapping the likelihood ratio cointegration test in error correction models with unknown lag order,"
Computational Statistics & Data Analysis, Elsevier, vol. 55(2), pages 1008-1017, February.
- Christian Kascha & Carsten Trenkler, 2009. "Bootstrapping the likelihood ratio cointegration test in error correction models with unknown lag order," Working Paper 2009/12, Norges Bank.
- Brüggemann, Ralf & Jentsch, Carsten & Trenkler, Carsten, 2016.
"Inference in VARs with conditional heteroskedasticity of unknown form,"
Journal of Econometrics, Elsevier, vol. 191(1), pages 69-85.
- Ralf Brüggemann & Carsten Jentsch & Carsten Trenkler, 2014. "Inference in VARs with Conditional Heteroskedasticity of Unknown Form," Working Paper Series of the Department of Economics, University of Konstanz 2014-13, Department of Economics, University of Konstanz.
- Brüggemann, Ralf & Jentsch, Carsten & Trenkler, Carsten, 2014. "Inference in VARs with Conditional Heteroskedasticity of Unknown Form," Working Papers 14-21, University of Mannheim, Department of Economics.
- Umut UNAL, 2015.
"Rethinking The Effects Of Fiscal Policy On Macroeconomic Aggregates: A Disaggregated Svar Analysis,"
Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(3), pages 120-135, September.
- Umut Unal, 2011. "Rethinking the Effects of Fiscal Policy on Macroeconomic Aggregates: A Disaggregated SVAR Analysis," Working Papers 1109, Florida International University, Department of Economics.
- Julien Malizard, 2014.
"Dépenses militaires et croissance économique dans un contexte non linéaire. Le cas français,"
Revue économique, Presses de Sciences-Po, vol. 65(3), pages 601-618.
- J. Malizard, 2014. "Dépenses militaires et croissance économique dans un contexte non-linéaire : le cas français," Post-Print hal-02272387, HAL.
- Theodore Panagiotidis & Panagiotis Printzis, 2016.
"On the macroeconomic determinants of the housing market in Greece: a VECM approach,"
International Economics and Economic Policy, Springer, vol. 13(3), pages 387-409, July.
- Theodore,Panagiotidis;Panagiotis,Printzis, 2015. "On the Macroeconomic Determinants of the Housing Market in Greece: A VECM Approach," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 88, Hellenic Observatory, LSE.
- Zolotko, Mikhail & Okhrin, Ostap, 2014.
"Modelling the general dependence between commodity forward curves,"
Energy Economics, Elsevier, vol. 43(C), pages 284-296.
- Mikhail Zolotko & Ostap Okhrin, 2012. "Modelling general dependence between commodity forward curves," SFB 649 Discussion Papers SFB649DP2012-060, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany.
More about this item
Keywords
fiscal policy; cross-border spillovers; fiscal multiplier; foreign shock; structural vector;All these keywords.
JEL classification:
- C54 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Quantitative Policy Modeling
- E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
- H2 - Public Economics - - Taxation, Subsidies, and Revenue
- H5 - Public Economics - - National Government Expenditures and Related Policies
- P2 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:onb:oenbfi:y:2011:i:2:b:1. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Elisabeth Beckmann (email available below). General contact details of provider: https://edirc.repec.org/data/oenbbat.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.