Purpose – This paper seeks to estimate the long‐term effects on output of different fiscal policies in Portugal. Design/methodology/approach – Results are obtained from accumulated impulse response functions associated with unrestricted VAR models that include several public spending and...

Purpose – This paper seeks to estimate the long-term effects on output of different fiscal policies in Portugal. Design/methodology/approach – Results are obtained from accumulated impulse response functions associated with unrestricted VAR models that include several public spending and...

En este trabajo se estiman los efectos producidos en el largo plazo sobre le producto por distintas políticas fiscales en tres países de la UE. Se parte de un modelo de vectores autoregresivos (VAR) que incluye variables de gasto público e impositivas con distintos niveles de agregación. Los...