The Role of Fiscal Rules for Spending Multipliers in European Union Countries

dc.contributor.author	Sznajderska, Anna
dc.contributor.author	Torój, Andrzej
dc.contributor.author	Chmura, Rafał
dc.date.accessioned	2025-03-10T09:08:20Z
dc.date.available	2025-03-10T09:08:20Z
dc.date.issued	2025-02
dc.identifier.citation	Sznajderska A., Torój A., Chmura R., The Role of Fiscal Rules for Spending Multipliers in European Union Countries, KAE Working Papers, 2025, nr 2025/108, s. 1-39	en
dc.identifier.uri	http://hdl.handle.net/20.500.12182/1322
dc.description.abstract	"This paper focuses on the role of fiscal rules in shaping the macroeconomic effects of fiscal policy. We compare the fiscal multipliers across the European Union members and search for the drivers of their heterogeneity. To this aim we apply interacted panel vector autoregressive models to data from 27 EU countries over the period 1999-2022. Our results show that government spending multipliers are higher for countries with a relatively higher fiscal rule index compared to those with a lower index.	en
dc.language.iso	en
dc.rights	Uznanie autorstwa 4.0 Międzynarodowe	*
dc.rights.uri	http://creativecommons.org/licenses/by/4.0/	*
dc.subject	fiscal multipliers	en
dc.subject	fiscal rules	en
dc.subject	debt	en
dc.subject	interacted panel VAR model	en
dc.subject	European Union	en
dc.subject.classification	C33	en
dc.subject.classification	E62	en
dc.subject.classification	H50	en
dc.title	The Role of Fiscal Rules for Spending Multipliers in European Union Countries	en
dc.type	workingPaper	en
dc.description.number	2025-108	en
dc.description.physical	1-39	en

Except where otherwise noted, this item's license is described as Uznanie autorstwa 4.0 Międzynarodowe