Permanent and temporary shocks to government spending: an empirical approach

Detalhes bibliográficos
Autor(a) principal: Feliciano, Marina Santos
Data de Publicação: 2020
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/114475
Resumo: Cointegration between government spending and output is rarely considered in fiscal re­search. Motivated by this potential long ­run relationship, the paper focuses on separating temporary from permanent shocks to government spending using a SVECM. In particular,thisdecompositionrevealsthatgovernmentexpendituredataisindeedamixofstabilisationinterventions and responses to economic growth. The interpretation of these shocks is thenusedtoinfertheconsequencesoftemporaryincreasesingovernmentspending. Controlling for cointegration delivers results consistent with existent literature, yet the effects seem to be less persistent as the impact on output rapidly converges to zero.
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spelling Permanent and temporary shocks to government spending: an empirical approachFiscal policyCointegrationStructural VECM modelsGovernment spending shocksDomínio/Área Científica::Ciências Sociais::Economia e GestãoCointegration between government spending and output is rarely considered in fiscal re­search. Motivated by this potential long ­run relationship, the paper focuses on separating temporary from permanent shocks to government spending using a SVECM. In particular,thisdecompositionrevealsthatgovernmentexpendituredataisindeedamixofstabilisationinterventions and responses to economic growth. The interpretation of these shocks is thenusedtoinfertheconsequencesoftemporaryincreasesingovernmentspending. Controlling for cointegration delivers results consistent with existent literature, yet the effects seem to be less persistent as the impact on output rapidly converges to zero.Azevedo, João Valle eRUNFeliciano, Marina Santos2021-03-26T14:46:02Z2020-06-052020-05-222020-06-05T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/114475TID:202502465enginfo: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:RCAAP2024-03-11T04:57:11Zoai:run.unl.pt:10362/114475Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:42:32.800396Repositório 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 Permanent and temporary shocks to government spending: an empirical approach
title Permanent and temporary shocks to government spending: an empirical approach
spellingShingle Permanent and temporary shocks to government spending: an empirical approach
Feliciano, Marina Santos
Fiscal policy
Cointegration
Structural VECM models
Government spending shocks
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
title_short Permanent and temporary shocks to government spending: an empirical approach
title_full Permanent and temporary shocks to government spending: an empirical approach
title_fullStr Permanent and temporary shocks to government spending: an empirical approach
title_full_unstemmed Permanent and temporary shocks to government spending: an empirical approach
title_sort Permanent and temporary shocks to government spending: an empirical approach
author Feliciano, Marina Santos
author_facet Feliciano, Marina Santos
author_role author
dc.contributor.none.fl_str_mv Azevedo, João Valle e
RUN
dc.contributor.author.fl_str_mv Feliciano, Marina Santos
dc.subject.por.fl_str_mv Fiscal policy
Cointegration
Structural VECM models
Government spending shocks
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
topic Fiscal policy
Cointegration
Structural VECM models
Government spending shocks
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
description Cointegration between government spending and output is rarely considered in fiscal re­search. Motivated by this potential long ­run relationship, the paper focuses on separating temporary from permanent shocks to government spending using a SVECM. In particular,thisdecompositionrevealsthatgovernmentexpendituredataisindeedamixofstabilisationinterventions and responses to economic growth. The interpretation of these shocks is thenusedtoinfertheconsequencesoftemporaryincreasesingovernmentspending. Controlling for cointegration delivers results consistent with existent literature, yet the effects seem to be less persistent as the impact on output rapidly converges to zero.
publishDate 2020
dc.date.none.fl_str_mv 2020-06-05
2020-05-22
2020-06-05T00:00:00Z
2021-03-26T14:46:02Z
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/10362/114475
TID:202502465
url http://hdl.handle.net/10362/114475
identifier_str_mv TID:202502465
dc.language.iso.fl_str_mv eng
language eng
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eu_rights_str_mv openAccess
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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
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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
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