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....

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Bibliographic Details
Main Author: Afonso, António (author)
Other Authors: Baxa, Jaromír (author), Slavík, Michal (author)
Format: workingPaper
Language:eng
Published: 2011
Subjects:
Fiscal Policy
Financial Markets
Threshold VAR
Online Access:http://hdl.handle.net/10400.5/3292
Country:Portugal
Oai:oai:www.repository.utl.pt:10400.5/3292

Internet

http://hdl.handle.net/10400.5/3292

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