.../methodology/approach A Local Projections approach is used, constructing a trade-weighted measure of extra-regional EAFRD spending to examine its influence on regional production, as well as the effects of domestic expenditure. Findings The EAFRD has positive dynamic effects on regional output...

...–2020) and applying the Jordà (2005) local projection methodology. Findings We find that increasing NPL ratios lead to a significant increase in stock-flow adjustment (SFAs) over the medium-term. This reflects the build-up of public debt that cannot be directly attributed to budget deficits...

... a dynamic panel analysis covering the period from the early 2000s to 2021, that controls for possible endogeneity and treats for heterogeneity. The author also employs local projections impulse response functions that control for structural changes in Greek banking. Findings The author finds that low...