Template-Type: ReDIF-Paper 1.0 
Title: The Role of Fiscal Rules for Spending Multipliers in European Union Countries 
Author-Name: Anna Sznajderska 
Author-Name: Andrzej Torój 
Author-Name: Rafał Chmura 
Abstract: This paper focuses on the role of fiscal rules in shaping the macroeconomic effects of fiscal policy. We compare the fiscal multipliers across the European Union members and search for the drivers of their heterogeneity. To this aim we apply interacted panel vector autoregressive models to data from 27 EU countries over the period 1999-2022. Our results show that government spending multipliers are higher for countries with a relatively higher fiscal rule index compared to those with a lower index.
Number: 2025-108
Length: 39 pages 
Creation-Date: 2025-02
Keywords: fiscal multipliers, fiscal rules, debt, interacted panel VAR model, European Union
Classification-JEL: C33, E62, H50
File-URL: https://hdl.handle.net/20.500.12182/1322
File-Format: Application/pdf
DOI: 10.33119/kaewps2025108
Handle: RePEc:sgh:kaewps:2025108