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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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|
|Original Title:||Empirical Investigation of Fiscal Policy Shocks in the UK|
|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
|Depositing User:||Mona Kamal|
|Date Deposited:||07. Nov 2010 22:43|
|Last Modified:||03. Jan 2016 10:21|
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