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...
| Autor principal: | |
|---|---|
| Outros Autores: | |
| Formato: | article |
| Idioma: | eng |
| Publicado em: |
2011
|
| Assuntos: | |
| Texto completo: | http://hdl.handle.net/1822/11966 |
| País: | Portugal |
| Oai: | oai:repositorium.sdum.uminho.pt:1822/11966 |