RT Journal Article
T1 The economic effects of fiscal policy: Further evidence for Spain
T2 Los efectos económicos de la política fiscal: Evidencia adicional para España
A1 Sosvilla Rivero, Simón Javier
A1 Rubio Guerrero, Juan Jose
AB Previous research considered the impacts of fiscal policy on economic activity in Spain using Vector autoregression (VAR) models. In this paper, we contribute to the existing literature by making use of autoregressive distributed lag estimation procedures that present significant advantages over the VAR alternative. Our econometric methodology is data-driven, and it allows us to select the statistical model that best approximates the  relationship between the variables under study and to assess short- and long-run symmetric and asymmetric effects of fiscal policy on output performance. Using quarterly time-series data for Spain covering the period 1980Q1-2020Q4, we offer quantitative estimates of these effects both for aggregated and disaggregated public expenditures and net revenues. These results would be helpful for policymakers in the design of a well-informed macroeconomic and public debt management strategy.
PB Elsevier
SN 1062-9769
YR 2022
FD 2022
LK https://hdl.handle.net/20.500.14352/71913
UL https://hdl.handle.net/20.500.14352/71913
LA eng
NO CRUE-CSIC (Acuerdos Transformativos 2022)
NO Ministerio de Ciencia e Innovación (MICINN)
NO Instituto de Estudios Fiscales
DS Docta Complutense
RD 6 jul 2025