 | The Euro-Area Government Spending Multiplier at the Effective Lower Bound Author/Editor: Adalgiso Amendola, Mario di Serio, Matteo Fragetta, Giovanni Melina. Release Date:June, 2019 We build a factor-augmented interacted panel vector-autoregressive model of the Euro Area (EA) and estimate it with Bayesian methods to compute government spending multipliers. The multipliers are more...
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