Local policy impact can be dispersed in currency unions – Bank of Spain research

Photo of the Bank of Spain

The impact of local fiscal policy on employment is more dispersed in economies integrated in currency unions, says research published by the Bank of Spain.

In Jobs multipliers: evidence from a large fiscal stimulus in Spain, Mario Alloza and Carlos Sanz assess the employment effect of a large post-crisis fiscal stimulus in Spain (PlanE). In the wake of the financial crisis, the national government transferred funds to municipalities to carry out local investment projects. PlanE amounted to €13

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.