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dc.contributor.authorMagkonis, Georgios
dc.contributor.authorTsopanakis, Andreas
dc.date.accessioned2015-04-27T16:33:24Z
dc.date.available2015-04-27T16:33:24Z
dc.date.issued2014-07
dc.identifier.citationMagkonis, G and Tsopanakis A (2014) Exploring the effects of financial and fiscal vulnerabilities on G7 economies: Evidence from SVAR analysis. Journal of International Financial Markets, Institutions and Money. 32: 343-367.en_US
dc.identifier.urihttp://hdl.handle.net/10454/7170
dc.descriptionYesen_US
dc.description.abstractWe examine the possible interactions of the financial cycle and fiscal position for G7 economies. We employ the innovative aggregate financial and fiscal stress indexes which are able to depict the perplexed nature of modern economies. A SVAR model is developed to investigate the effects of both financial and fiscal stress on key macroeconomic variables. The results, using two different identification methods, reveal that financial and fiscal shocks affect negatively the key macroeconomic variables. Additionally, there is a weak feedback effect from a financial shock to fiscal sector and vice versa.en_US
dc.language.isoenen_US
dc.relation.isreferencedbyhttp://dx.doi.org/10.1016/j.intfin.2014.06.010en_US
dc.rights© 2014 Elsevier. Reproduced in accordance with the publisher's selfarchiving policy. This manuscript version is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subjectFinancial stress; Fiscal stress; Structural VAR; G7 economiesen_US
dc.titleExploring the effects of financial and fiscal vulnerabilities on G7 economies: Evidence from SVAR analysisen_US
dc.status.refereedYesen_US
dc.typeArticleen_US
dc.type.versionAccepted Manuscripten_US
refterms.dateFOA2018-07-25T11:17:51Z


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