Sosvilla-Rivero, SimonRubio Guerrero, Juan Jose2023-06-222023-06-222022-08-061062-976910.1016/j.qref.2022.08.002https://hdl.handle.net/20.500.14352/71913CRUE-CSIC (Acuerdos Transformativos 2022)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.engAtribución-NoComercial-SinDerivadas 3.0 Españajournal articlehttps://doi.org/10.1016/j.qref.2022.08.002open accessC23E62H20H30H50O52Fiscal policyPublic expenditureTax revenuesARDL modelsNARDL modelsEconometría (Economía)Economía públicaHacienda Pública5302 Econometría5301 Política Fiscal y Hacienda Publica Nacionales