TY  - Working paper

AU  - Oscar Parkyn
AU  - Tugrul Vehbi


PY  - 2013
T1  - The effects of fiscal policy in New Zealand: evidence from a VAR model with debt constraints
PB  - Centre for Applied Macroeconomic Analysis


DO  - https://doi.org/APO-33502
UR  - https://apo.org.au/node/33502

AB  - 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.
ER  -