01875cas a2200265 a 4500 AALejournalIMF018064 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484328262 1018-5941 BD-DhAAL BD-DhAAL Dabla-Norris, Era. Fiscal Spillovers in the Euro Area : Letting the Data Speak / Era Dabla-Norris, Pietro Dallari, Tigran Poghosyan. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (50 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students We estimate a panel VAR model that captures cross-country, dynamic interlinkages for 10 euro area countries using quarterly data for the period 1999-2016. Our analysis suggests that fiscal spillovers are significant and tend to be larger for countries with close trade and financial links as well, as for fiscal shocks originating from larger countries. The current account appears to be the main channel of transmission, although strong trade integration among countries in the euro area and spillback effects tend to zero-out the net trade impact in some cases. A subsample analysis shows that the effects of fiscal policy have changed over time, with larger estimated domestic multipliers and spillovers between 2011 and 2014. Mode of access: Internet Dallari, Pietro. Poghosyan, Tigran. IMF Working Papers; Working Paper ; No. 2017/241 Full text available on IMF http://elibrary.imf.org/view/journals/001/2017/241/001.2017.issue-241-en.xml IMF e-Library