fiscal policy multipliers, international policy spillovers, openness and trade liberalisation, panel data

Publication date: 19 Mar 2007 | Publication type: NIESR Discussion Paper | Theme: Macroeconomics | Authors: Barrell, R, Holland, D, Liadze, I | JEL classification: E62, F15, F42 | NIESR discussion paper number: 289
This paper explores the impact of openness, as measured by import penetration, on the size and duration of fiscal multipliers and spillovers across European Union members. The analysis is embedded in a macroeconomic model, NiGEM, to capture structural differences across countries, time and policy...