Fiscal Policy Dissertations With Var - free compare.
The analysis of the integration of economic and financial time series data by Christopher Sims (1980) suggests the Vector Auto-Regression (VAR) model as a credible methodology for this purpose. The VAR is an n-variable linear model in which each variable is in turn explained by its own lagged values, plus current and past values of the remaining n-1 variables.
To assess the effects of fiscal policy in France, Biau and Girard (2005) use a five-variable VAR, which includes government direct expenditure, net revenue, GDP, the price level and the interest rate. Their results imply values of the cumulative multiplier of government spending at the 4th and 12th quarters equal to 1.9 and 1.5, respectively.
Issues in the Coordination of Monetary and Fiscal Policy Alan S. Blinder I. Introduction and Summary Now, as often in the past, there are complaints from all quarters about the lack of coordination between monetary and fiscal policy. Indeed, the feeling that monetary and fiscal policies are acting at cross purposes is quite prevalent.
Greece: The impact of fiscal policy shocks 1 The curious case of Greece: The impact of fiscal policy shocks on key macroeconomic variables. A VAR based approach. University of San Francisco Masters of Science in International and Development Economics Department of Economics 2130 Fulton Street, San Francisco, CA 94117 Master's Thesis by.
Equilibrium (DSGE) Model we have studied and tested the transmission mechanisms of China’s monetary policy and measured the effects of the monetary policy shocks and other exogenous macro shocks on the real macro economy to uncover the attributes of China’s business cycle.
The fiscal effect spil ls o ut through high fiscal defici t, with which monetary policy may be forced to moneti ze the defici t. This, in turn, induces an expansi onary monetary policy, raises.
Stock Market Response to Monetary and Fiscal Policy Shocks: Multi-Country Evidence Ioannis Chatziantoniou1, David Duffy2. A Structural VAR model is employed to investigate the effects of monetary and fiscal policy. Structural VAR, Fiscal and Monetary Policy Interaction. 2 1. Introduction The aim of this paper is to examine the effects of.