%T The effects of fiscal policy in New Zealand: evidence from a VAR model with debt constraints
%A Oscar Parkyn
%A Tugrul Vehbi


%I Centre for Applied Macroeconomic Analysis
%D 2013

%K Debt
%N CAMA Working Paper 04/2013


%U https://apo.org.au/node/33502

%X This paper investigates the macroeconomic effects of fiscal policy in New Zealand using a structural Vector Autoregression (SVAR) model. The model is the five-variable structural vector autoregression (SVAR) framework proposed by Blanchard and Perotti (2005), further augmented to allow for the possibility that taxes, spending and interest rates might respond to the level of the debt over time.
%9 Working paper