کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
963903 1479178 2013 16 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Fiscal spillovers in the Euro area
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Fiscal spillovers in the Euro area
چکیده انگلیسی
This paper analyses the dynamic effects of fiscal imbalances in a given EMU member state on the borrowing costs of other countries in the euro area. The estimation of a multivariate, multi-country time series model (specifically a Global VAR, or GVAR) using quarterly data for the EMU period suggests that euro-denominated government yields are strongly linked with each other. However, financial markets seem to be able to discriminate among different issuers. Consequently, fiscal imbalances in Italy and in other peripheral countries should be closely monitored by their EMU partners and the European institutions.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of International Money and Finance - Volume 38, November 2013, Pages 84.e1-84.e16
نویسندگان
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