The Impact of r-g on the Euro-Area Government Spending Multiplier /

We compute government spending multipliers for the Euro Area (EA) contingent on the interestgrowth differential, the so-called r-g. Whether the fiscal shock occurs when r-g is positive or negative matters for the size of the multiplier. Median estimates vary conditional on the specification, but the...

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Bibliografiska uppgifter
Huvudupphovsman: di Serio, Mario
Övriga upphovsmän: Fragetta, Matteo, Melina, Giovanni
Materialtyp: Tidskrift
Språk:English
Publicerad: Washington, D.C. : International Monetary Fund, 2021.
Serie:IMF Working Papers; Working Paper ; No. 2021/039
Länkar:Full text available on IMF