Rua Francisco Ribeiro, 2
Lisbon, 1150-165
Portugal
Campus de Carcavelos
Rua da Holanda, 1
Carcavelos, 2775-405
Bank of Portugal
Nova School of Business and Economics
Euro area, growth-at-risk, institutional quality, monetary policy transmission
Fiscal policy, Fiscal multipliers., multiplier estimate, estimating multiplier, government investment multiplier, empirical estimate, multiplier definition, fiscal shock, Public investment spending, Fiscal multipliers, Personal income tax, Consumption, accumulation procedure, forecast error, baseline result, limits comparison, consumption shock, multiplier heterogeneity