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Research literature, 2 records found
Research literature 2 records found  
26 p, 483.1 KB Measuring fiscal policy spillovers in the Euro area / Gambetti, Luca ; Gallio, Francesco
We study fiscal policy coordination and fiscal policy spillovers in Germany, France, Spain and Italy using a Time-Varying Coefficients VAR model for the period 1995-2014. While the four country-specific cycles share large commonalities, fiscal policy coordination across countries, measured as the time-varying correlation between government spending growth, is very low. [...]
The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.

2016 (ADEMU Working Paper Series ; 44)  
149 p, 1.2 MB Essays on Macroeconometrics / Gallio, Francesco ; Gambetti, Luca, dir. ; Guner, Nezih, dir. ; Universitat Autònoma de Barcelona. Departament d'Economia i d'Història Econòmica
Esta tesis es una colección de ensayos empíricos, con aplicación macroeconómica. En el primer capítulo, se investigan los efectos de política monetaria, previstos y no previstos. La idea básica es que los mercados forman expectativas sobre las futuras políticas que son relevantes para la inversión (y por lo tanto la producción) incluso antes de su implementación real. [...]
This thesis is a collection of empirical essays, with macroeconomic application. In the first chapter, we investigate the effects of anticipated and unanticipated monetary policy shocks. The baseline idea is that markets form expectations on future policy developments that are relevant for investment (and hence production) decisions even before the actual policy change is implemented. [...]

[Barcelona] : Universitat Autònoma de Barcelona, 2016  

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