Uncertainty and the effectiveness of fiscal policy in the United States and Brazil : SVAR approach

This paper analyses the harmful interference of uncertainty on the effectiveness of fiscal policy. We investigate this issue through the lens of a Structural Vector Auto Regressive (SVAR) model for the United States and Brazil. Imposing government spending shocks, we find a positive effect on econom...

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Detalhes bibliográficos
Autor principal: Rodrigues, Eduardo de Sá Fortes Leitão (author)
Formato: workingPaper
Idioma:eng
Publicado em: 2020
Assuntos:
Texto completo:http://hdl.handle.net/10400.5/20638
País:Portugal
Oai:oai:www.repository.utl.pt:10400.5/20638