Castro, Francisco de
[Author]
;
Marti, Francisco
[Other];
Montesinos, Antonio
[Other];
Pérez, Javier J.
[Other];
Sanchez Fuentes, Antonio Jesus
[Other]
Published in:Banco de Espana Working Paper ; No. 1408
Extent:
1 Online-Ressource (49 p)
Language:
English
DOI:
10.2139/ssrn.2436315
Identifier:
Origination:
Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments May 13, 2014 erstellt
Description:
We provide key stylised facts on fiscal policy developments in Spain over the past three decades using quarterly data (1986Q1-2012Q2). First, we compute stylised facts on the cyclical properties of fiscal policies over that period. Next, we report updated evidence on the macroeconomic effects of non-systematic fiscal policies, including updated estimates of their macroeconomic impact (fiscal multipliers) for alternative datasets. To perform the analysis in the paper we built up a comprehensive database of seasonally adjusted quarterly fiscal variables for the period of interest