6533b86ffe1ef96bd12cdf15
RESEARCH PRODUCT
Searching for Threshold Effects in the Evolution of Budget Deficits: An Application to the Spanish Case
Vicente EsteveCarmen Díaz-roldánOscar Bajo-rubiosubject
MacroeconomicsEconomics and EconometricsDeficit spendingPublic economicsAutoregressive modeljel:E62EconomicsTarjel:H62FinanceFiscal policy Budget deficits Threshold effects TAR models.Fiscal policydescription
Abstract In this paper, we use recent developments on threshold autoregressive (TAR) models that allow us to derive endogenously threshold effects in the evolution of the Spanish budget deficit. Specifically, a mean-reverting dynamic behaviour of the budget deficit should be expected once such threshold is reached.
| year | journal | country | edition | language |
|---|---|---|---|---|
| 2004-02-01 |