Javid, Attiya Y.; Javid, Muhammad; Arif, Umaima - Volkswirtschaftliche Fakultät, … - 2011
The study empirically investigates the effects of fiscal policy or government budget deficit shocks on the current … 1960-2009. The structural Vector Autoregressive model is employed; the exogenous fiscal policy shocks are identified after … controlling the business cycle effects on fiscal balances. The results suggest that an expansionary fiscal policy shock improves …