How best to measure discretionary fiscal policy? Assessing its impact on private spending
We develop a novel empirical approach to assess the effect of discretionary fiscal policy on private spending consisting of three stages: 1) extract the discretionary component of fiscal policy by estimating a fiscal policy rule; 2) use the residuals of the first-stage regression to investigate the exis...
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| Other Authors: | , |
| Format: | article |
| Language: | eng |
| Published: |
2013
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| Subjects: | |
| Online Access: | http://hdl.handle.net/1822/23355 |
| Country: | Portugal |
| Oai: | oai:repositorium.sdum.uminho.pt:1822/23355 |