Jawadi, Fredj; Mallick, Sushanta K.; Sousa, Ricardo M. - Núcleo de Investigação em Políticas Económicas … - 2011
This paper assesses the macroeconomic impact of fiscal policy shocks for four key emerging market economies - Brazil … government’s behaviour, we also estimate fiscal policy rules using a Fully Simultaneous System of Equations and analyze the … India) drive the nonlinear response of fiscal policy to the dynamics of the economy. All in all, our results are consistent …