<italic>Affording Our Future</italic>, the New Zealand Treasury's 2013 long-term fiscal statement, tests fiscal sustainability over the next 40 or so years through a series of projections. These projections endeavour to capture the effect of population ageing and other influences on the future government budget...

type="main" xml:id="ecor12116-abs-0001" <p>This article investigates the macroeconomic effects of fiscal policy in New Zealand using a structural vector autoregression (SVAR) model. The model is the five-variable SVAR framework proposed by Perotti (2005), further augmented to allow for the...</p>