Appraising fiscal reaction functions
We estimate fiscal responses for an OECD panel, accounting for cross-country interactions, and also estimate the fiscal responses in a panel VAR. We find that governments have increased primary balances when facing higher government indebtedness, implying a Ricardian fiscal regime, while primary bal...
| Main Author: | |
|---|---|
| Other Authors: | |
| Format: | workingPaper |
| Language: | eng |
| Published: |
2012
|
| Subjects: | |
| Online Access: | http://hdl.handle.net/10400.5/3783 |
| Country: | Portugal |
| Oai: | oai:www.repository.utl.pt:10400.5/3783 |