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Please use this identifier to cite or link to this item: http://hdl.handle.net/10400.5/3783

Title: Appraising fiscal reaction functions
Authors: Afonso, António
Jalles, João Tovar
Keywords: Fiscal regimes
Panel VAR
Cross-sectional dependence
Issue Date: 2011
Publisher: ISEG - Departamento de Economia
Citation: Afonso, António e João Tovar Jalles. 2011. "Appraising fiscal reaction functions". Instituto Superior de Economia e Gestão - DE working papers nº23-2011/DE/UECE
Series/Report no.: DE working papers;nº23-2011/DE/UECE
Abstract: 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 balances have improved to reduce government debt. These results hold for the single regression panel analysis and for the panel VAR.
URI: http://hdl.handle.net/10400.5/3783
ISSN: 0874-4548
Publisher version: https://aquila.iseg.utl.pt/aquila/getFile.do?method=getFile&fileId=231092&contentContextPath_PATH=/departamentos/ec/lateral/menu-working-papers/nova-serie/2011&_request_checksum_=912ddfbc6c9a6d127f5193611a28ca6bc5484fe9
Appears in Collections:UECE - Documentos de Trabalho / UECE - Working Papers
DE - Documentos de trabalho / Working Papers

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