The macroeconomic effects of fiscal policy in Portugal : a Bayesian SVAR analysis

With a new quarterly dataset we estimate a Bayesian Structural Autoregression model and a Fully Simultaneous System approach to analyze the macroeconomic effects of fiscal policy. Results show that positive government spending shocks, in general, have a negative effect on real GDP; lead to “crowding...

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Bibliographic Details
Main Author: Afonso, António (author)
Other Authors: Sousa, Ricardo M. (author)
Format: article
Language:eng
Published: 2018
Subjects:
B-SVAR
Fully simultaneous system
Fiscal policy
Debt dynamics
Portugal
Online Access:http://hdl.handle.net/10400.5/15656
Country:Portugal
Oai:oai:www.repository.utl.pt:10400.5/15656

Internet

http://hdl.handle.net/10400.5/15656

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