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Do Fiscal Spillovers Matter?, Sebastian Weber, Anna Ivanova

Contributor
Abstract
The paper assesses the impact of fiscal spillovers on growth in the context of a coordinated exit from crisis management policies. We find that despite potentially sizeable domestic effects from consolidation, aggregate negative spillovers to other countries are likely to be contained in 2011-2012 unless fiscal multipliers and/or imports elasticities are very large. Small and open European economies, however, will be substantially affected in any case. In contrast, the coordinated exit from fiscal stimulus will have limited direct effect on European peripheral countries since they are relatively closed, with the notable exception of Ireland
Table Of Contents
Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Literature; III. Framework; A. Fiscal Spillover Framework; B. Measures of Fiscal Stance; IV. Simulation Results; A. Uniform Fiscal Shock; B. Actual Consolidation Plans; C. Alternative Scenarios; D. The Impact on Trade Balances; V. Conclusion; Footnotes
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (63 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781463911959

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