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: 2011
Subjects:
B-SVAR
Fully simultaneous system
Fiscal policy
Debt dynamics
Portugal
Social Sciences
Online Access:http://hdl.handle.net/1822/11966
Country:Portugal
Oai:oai:repositorium.sdum.uminho.pt:1822/11966

Internet

http://hdl.handle.net/1822/11966

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