Fiscal reaction functions across the world : a battle of statistical (in-) significance

We estimate fiscal reaction functions for a panel of 173 countries using data between 1970-2014. Most notably, we assess the existence of non-Ricardian regimes, as postulated in the Fiscal Theory of the Price Level (FTPL), or, contrarily, the possibility of Ricardian regimes. By means of several, we...

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Bibliographic Details
Main Author: Afonso, António (author)
Other Authors: Jalles, João (author)
Format: workingPaper
Language:eng
Published: 2018
Subjects:
fiscal regimes
FTPL
panel data
panel VAR
panel stationarity
cross-sectional dependence
global financial crisis
Online Access:http://hdl.handle.net/10400.5/15989
Country:Portugal
Oai:oai:www.repository.utl.pt:10400.5/15989

Internet

http://hdl.handle.net/10400.5/15989

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