Fiscal reaction functions for the advanced economies revisited
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DOI: 10.1007/s00181-021-02119-y
Abstract: We revisit the relationship between the primary balances/GDP and debt/GDP ratios (fiscal reaction function, FRF), in the advanced economies, showing that using adequate tests and estimators leads to question the validity of the current consensus.… read more here.
Keywords: economies revisited; reaction functions; functions advanced; advanced economies ... See more keywords