Fiscal policy
In: Macmillan studies in economics
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In: Macmillan studies in economics
This dissertation, comprising three academic papers, deals with the trade-off between fiscal sustainability and macroeconomic stabilization. The first paper examines the specification of fiscal reaction functions: We argue that the fiscal response to public debt is varying over time, finding formal empirical evidence in favor. We then link this non-linear fiscal response to changes in the interest rate-growth differential and the level of public debt. The second paper takes time-varying parameter fiscal reaction functions to an out-of-sample forecast performance evaluation, embedding it in ...
World Affairs Online
In: Vorträge aus Nationalökonomie und Finanzwissenschaft
In: Inter-American economic affairs, S. 51-76
ISSN: 0020-4943
In: SpringerBriefs in Economics
In: Development Bank of Japan Research Series
In: The American Economic Association series