How do European Monetary and Fiscal Authorities Behave

By Carlo A. Favero. 2002

149 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/ebb3f4426233e01e0c389ffdd34588a1c2f25495

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Citations in the corpus

The macroeconomic effects of fiscal policy (2012, background): “Fatas and Mihov (2001) and Favero (2002) use a Cholesky ordering to identify fiscal shocks and show that increases in government expenditures are expansionary, but lead to an increase in private investment that more than compensates for the fall in private consumption.”
What are the Effects of Fiscal Policy Shocks (2009, unknown): “The topic has received attention only rather recently, most notably by Blanchard and Perotti (1999), Fatas and Mihov (2001a,b) and Favero (2002).”
Trade Spill-Overs of Fiscal Policy in the European Union: A Panel Analysis (2006, unknown): “7 Other relevant contributions to this expanding literature include Canova and Pappa (2002), Favero (2003), Burnside et al .”
Ricardian fiscal regimes in the European Union (2008, background): “…policy may have been, in the past, sustainable in Germany and not sustainable in France.5 Using a different approach for somehow related research, Favero (2002) jointly models the effects of monetary and fiscal policies on macroeconomic variables in structural models for France, Germany, Italy…”
The Economic Effects of Exogenous Fiscal Shocks in Spain: A SVAR Approach (2006, background): “…of the US; 2) other authors identify fiscal shocks by imposing sign restrictions on the impulse-response functions [Mountford and Uhlig (2002)]; 3) Favero (2002) and Fatas and Mihov (2002) identify fiscal shocks by using a Choleski ordering; 4) and finally, Blanchard and Perotti (2002) and…”
The economic effects of fiscal policy: The case of Spain (2008, background): “…sign restrictions on the impulse-response functions (Mountford and Uhlig, 2002); (3) identification of fiscal shocks based on a Choleski ordering (Favero, 2002; Fatás and Mihov, 2001); (4) and finally, identification of fiscal policy shocks by exploiting decision lags in policy making and…”
Policy mix and debt sustainability: evidence from fiscal policy rules (2006, background): “As shocks in both policies are likely to be contemporaneously correlated (Favero, 2002), joint estimation would allow a more precise estimation of systematic policy reaction coefficients.”