Modelling the Fiscal Reaction Functions of the GIPS Based on State-Varying Thresholds

We extend previous literature on fiscal policy sustainability by introducing non-linear fiscal reaction functions with endogenously estimated state-varying thresholds to capture the behaviour of fiscal policy authorities during “good” and “bad” times. These thresholds vary with the level of debt, the economic cycle and an index of financial pressure

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Year of publication:	[2021]
Authors:	Legrenzi, Gabriella Deborah ; Milas, Costas
Publisher:	[S.l.] : SSRN

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Extent:	1 Online-Ressource (12 p)
Series:	CESifo Working Paper Series ; No. 4385
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments September 10, 2013 erstellt
Other identifiers:	10.2139/ssrn.2323279 [DOI]
Classification:	C20 - Econometric Methods: Single Equation Models. General ; H30 - Fiscal Policies and Behavior of Economic Agents. General ; H50 - National Government Expenditures and Related Policies. General
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013315718