Jump starting the euro area recovery: would a rise in core fiscal spending help the periphery?

"We show that a fiscal expansion by the core economies of the euro area would have a large and positive impact on periphery GDP assuming that policy rates remain low for a prolonged period. Under our preferred model specification, an expansion of core government spending equal to one percent of...

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Bibliographic Details
Main Authors: Blanchard, Olivier, Erceg, Christopher J., Lindé, Jesper
Institution:ETUI-European Trade Union Institute
Format: TEXT
Language:English
Published: Stockholm 2015
Sveriges Risksbank
Subjects:
Online Access:https://www.labourline.org/KENTIKA-19100591124919287739-Jump-starting-the-euro-area-re.htm

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