Bibliography
Journal Article
Fiscal developments and financial stress: a threshold VAR analysis
, ,
: European Central Bank Working Paper Series vol.2011, 1319 (2011), p. 1-60
: CEZ:AV0Z10750506
: fiscal policy, financial markets, threshold VAR
: http://library.utia.cas.cz/separaty/2011/E/baxa-0364091.pdf
(eng): We use a threshold VAR analysis to study whether the effects of fiscal policy on economic activity differ depending on financial market conditions. In particular, we investigate the possibility of a non-linear propagation of fiscal developments according to different financial market stress regimes.
: AH