[PDF] Top 20 Fiscal multipliers in the Eurozone : a SVAR analysis

... that the last Great Recession has brought the multipliers behave and, consequently, the effectiveness of fiscal policy, and its variation depending on the time and space factors, ... See full document

... determine the effectiveness of fiscal policy in ...obtain the relevant impact of fiscal stimuli on output, even when altering both the methodology and the model ...of ... See full document

... examines the integration of Romanian monetary system into European one and the transmission of liquidity shocks from eurozone to Romanian monetary ...of the Romanian banks are mainly provided ... See full document

... 2003 the first pillar is economic analysis (Quaglia 2008), which involves a wide analysis of the outlook for price variations using indicators such as the exchange rate, the ... See full document

... In the past decade, the analysis of heterogeneous agents has been one of the most vibrant topics in the macro ...on the effects of fiscal policy, much focus ... See full document

... an analysis of the dynamics of public debt of the Member States and makes recommendations to correct this situation when countries face an unsustainable ...primary fiscal surplus quantified ... See full document

... invalidate the traditional interest rate mechanism and evidence the price puzzle common in the SVAR analysis (statistically significant during 3 quarters in both cases); ... See full document

... study the determinants of fiscal multipliers, however in the context of fiscal stimulus (an increase of government ...this analysis. The authors find that ... See full document

... of the analysis consists in examining the time series properties of the ...data. In this sense, Augmented Dickey Fuller and Phillips-Perron tests were performed to test for non- ... See full document

... of the feedback from government debt makes the effects of fiscal policy on (long-term) interest rates and GDP more persistent and these variables are also more responsive to the ...Moreover, ... See full document

... The fiscal sustainability and discipline in African economies in a post-GFC environment constitutes an important source of concern, notwithstanding the fact that it has been largely ... See full document

... of the previous findings related to market anomalies and questioned whether a dynamic trading strategy combining these anomalies would lead to substantial profits, even adjusting for transaction ...costs. ... See full document

... early in the decade, and up to 2014, concerns more of social nature were added to these housing policy guidelines, and rehousing programs were created in urban areas, with support for leasing with ... See full document

... limitation in the context of OLS and the CLT assumptions so it should be emphasized that obtained results are only ...Thirdly, in ifteen analyzed years eurozone experienced strong ... See full document

... of the problems affecting the existing EMU (Economic and Monetary Union), identifies four key ideas that should guide EU policy makers in their effort to reengineer the EMU architecture so as ... See full document

... capture the regimes switches and its critical value will be calculated ...for the threshold can be obtained, but in this specific paper, only one critical value will be used a nd it’s that value that ... See full document

... because the ECB defines its policy at the eurozone level, the information set shall only contain aggregated ...growth, the Composite Indicator of Systemic Stress (in- troduced by ... See full document

... The robustness is very high, which is a consequence of the exact linearization and also of the symmetric and isoparametric treatment of the rigid body motion induced by the crack. ... See full document

... conducted. The first one compared the effects of a government expenditure shock from a core and a periphery economy, distinguished by their shares of real GDP relative to the total of the ... See full document

... analyze the interaction between external variables and the commodities future curves, but instead to see if the flows of passive/active investments affect the price level of the ... See full document