Kamal, Mona (2010): Empirical Investigation of Fiscal Policy Shocks in the UK. Published in: The Empirical Economics Letters , Vol. Volume, No. Number 4
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Abstract
This article examines fiscal policy shocks in the UK through using a Bayesian Vector Autoregression (BVAR) model which applies Mountford and Uhlig (2009) type sign-restriction. It investigates the impact of three fiscal policy experiments on macroeconomic variable. Specifically, the Deficit-Financed Spending Increase (DFSI), the Deficit-Financed Tax Cut (DFTC), and the Balanced-Budget Spending Increase (BBSI). The results show that, the policy conclusion differs according to the period under investigation.
Item Type: | MPRA Paper |
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Original Title: | Empirical Investigation of Fiscal Policy Shocks in the UK |
Language: | English |
Keywords: | Fiscal policy; Bayesian VAR analysis; policy experiment. |
Subjects: | E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook > E62 - Fiscal Policy H - Public Economics > H6 - National Budget, Deficit, and Debt > H60 - General E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook > E60 - General |
Item ID: | 26473 |
Depositing User: | Mona Kamal |
Date Deposited: | 07 Nov 2010 22:43 |
Last Modified: | 03 Oct 2019 09:51 |
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URI: | https://mpra.ub.uni-muenchen.de/id/eprint/26473 |