Fiscal developments and financial stress : a threshold VAR analysis
We use a threshold VAR analysis to study whether the effects of fiscal policy on economic activity differ depending on financial market conditions. In particular, we investigate the possibility of a non-linear propagation of fiscal developments according to different financial market stress regimes....
| Autor principal: | |
|---|---|
| Outros Autores: | , |
| Formato: | workingPaper |
| Idioma: | eng |
| Publicado em: |
2011
|
| Assuntos: | |
| Texto completo: | http://hdl.handle.net/10400.5/3292 |
| País: | Portugal |
| Oai: | oai:www.repository.utl.pt:10400.5/3292 |