The Effects of Fiscal Policy on Output: A DSGE Analysis
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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This paper examines the effects of fiscal policy on output in the euro area. For this purpose we develop a DSGE Fiscal Model with endogenous government bond yields to assess the impact of different fiscal policy shocks on output, its components and on government debt. The simulations suggest that fiscal policy is effective in supporting activity,...
