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Bibliografie

Journal Article

Fiscal developments and financial stress: a threshold VAR analysis

Afonso A., Baxa Jaromír, Slavík M.

: 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