Monetary and fiscal policy in Portugal before and after the Euro adoption: an SVAR analysis
Autor(a) principal: | |
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Data de Publicação: | 2019 |
Tipo de documento: | Dissertação |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10362/66788 |
Resumo: | This study tried to discriminate the different impacts that fiscal and monetary decisions had on the Portuguese economy for the past two decades. Using different identification techniques and a VAR with time-varying coefficients, our main conclusions are: 1) fiscal multipliers became stronger with the adherence to the monetary union; 2) the ECB is, in general, committed to a Taylor rule type of monetary decisions that fits well the Portuguese data; 3) interest rates responded more strongly to inflation movements before the financial crisis, more strongly to unemployment movements during 2009 and less strongly to both in more recent times. |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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7160 |
spelling |
Monetary and fiscal policy in Portugal before and after the Euro adoption: an SVAR analysisMonetary policyFiscal policyEuro areaTime-varying coefficientsDomínio/Área Científica::Ciências Sociais::Economia e GestãoThis study tried to discriminate the different impacts that fiscal and monetary decisions had on the Portuguese economy for the past two decades. Using different identification techniques and a VAR with time-varying coefficients, our main conclusions are: 1) fiscal multipliers became stronger with the adherence to the monetary union; 2) the ECB is, in general, committed to a Taylor rule type of monetary decisions that fits well the Portuguese data; 3) interest rates responded more strongly to inflation movements before the financial crisis, more strongly to unemployment movements during 2009 and less strongly to both in more recent times.Duarte, JoãoRUNMoura, Afonso Pereira da Silva Souto2019-04-16T15:41:39Z2019-01-142019-01-14T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/66788TID:202208869enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-05-22T17:38:49Zoai:run.unl.pt:10362/66788Portal AgregadorONGhttps://www.rcaap.pt/oai/openairemluisa.alvim@gmail.comopendoar:71602024-05-22T17:38:49Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Monetary and fiscal policy in Portugal before and after the Euro adoption: an SVAR analysis |
title |
Monetary and fiscal policy in Portugal before and after the Euro adoption: an SVAR analysis |
spellingShingle |
Monetary and fiscal policy in Portugal before and after the Euro adoption: an SVAR analysis Moura, Afonso Pereira da Silva Souto Monetary policy Fiscal policy Euro area Time-varying coefficients Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
title_short |
Monetary and fiscal policy in Portugal before and after the Euro adoption: an SVAR analysis |
title_full |
Monetary and fiscal policy in Portugal before and after the Euro adoption: an SVAR analysis |
title_fullStr |
Monetary and fiscal policy in Portugal before and after the Euro adoption: an SVAR analysis |
title_full_unstemmed |
Monetary and fiscal policy in Portugal before and after the Euro adoption: an SVAR analysis |
title_sort |
Monetary and fiscal policy in Portugal before and after the Euro adoption: an SVAR analysis |
author |
Moura, Afonso Pereira da Silva Souto |
author_facet |
Moura, Afonso Pereira da Silva Souto |
author_role |
author |
dc.contributor.none.fl_str_mv |
Duarte, João RUN |
dc.contributor.author.fl_str_mv |
Moura, Afonso Pereira da Silva Souto |
dc.subject.por.fl_str_mv |
Monetary policy Fiscal policy Euro area Time-varying coefficients Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
topic |
Monetary policy Fiscal policy Euro area Time-varying coefficients Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
description |
This study tried to discriminate the different impacts that fiscal and monetary decisions had on the Portuguese economy for the past two decades. Using different identification techniques and a VAR with time-varying coefficients, our main conclusions are: 1) fiscal multipliers became stronger with the adherence to the monetary union; 2) the ECB is, in general, committed to a Taylor rule type of monetary decisions that fits well the Portuguese data; 3) interest rates responded more strongly to inflation movements before the financial crisis, more strongly to unemployment movements during 2009 and less strongly to both in more recent times. |
publishDate |
2019 |
dc.date.none.fl_str_mv |
2019-04-16T15:41:39Z 2019-01-14 2019-01-14T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/masterThesis |
format |
masterThesis |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10362/66788 TID:202208869 |
url |
http://hdl.handle.net/10362/66788 |
identifier_str_mv |
TID:202208869 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
repository.mail.fl_str_mv |
mluisa.alvim@gmail.com |
_version_ |
1817545688827822080 |