This study investigates the connectedness among three types of economic policy
uncertainties, namely monetary, fiscal, and trade uncertainties, between China and the US …

This paper examines how the composition of public spending influences the
macroeconomic effects of fiscal consolidations. Results based on a sample of advanced and …

This paper analyses the impact of fiscal spending shocks in a dynamic, multi-country model
with international production networks. The response of real gross domestic product to a …

In today's interconnected global economy, economic shocks in one country often propagate
across borders, causing significant fluctuations worldwide. Constructing a novel country-to …

This paper examines how fiscal shocks in a given country affect foreign regions through
regional trade linkages. Applying the local projection method to a panel of 222 NUTS-2 …

The paper describes the main transmission channels of the spillovers of national fiscal
policies to other countries within the euro area and investigates their magnitude using …

This paper estimates the effects of fiscal stimulus on economic activity using a novel
database on large fiscal expansions for 17 OECD countries for the period 1960–2006. The …

The 2010 European sovereign debt crisis has renewed discussions on fiscal policy
coordination. One rationale for coordination is fiscal policy cross-country spillovers. A …

This paper dives into the Fund's historical coverage of cross-border spillovers in its
surveillance. We use a state-of-the-art deep learning model to analyze the discussion of …

This paper estimates, using Bayesian and global VARs, the spillover effects of
unconventional fiscal and monetary policies implemented in the United States and in the …