Bova, Elva; Klyviene, Violeta - In: Journal of Economic Studies 47 (2020) 5, pp. 1051-1069
Purpose: This study analyses the impact of fiscal shocks on GDP, inflation and interest rates in Portugal over 1995–2017. Design/methodology/approach: Multipliers are estimated using a structural VAR (SVAR) a' la Blanchard and Perotti (2002) using OECD elasticities. Changes in direct and...