The cyclicality of fiscal policy: New evidence from unobserved components approach

© 2017 Elsevier Inc. This paper employs the multivariate version of the unobserved components model to reinvestigate the cyclicality of fiscal policy in eleven OECD countries. The novelty of the multivariate approach lies in its superior ability to disentangle the correlations in cycles from the cor...

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Bibliographic Details

Main Authors:	Omar H.M.N. Bashar, Prasad Sankar Bhattacharya, Mark Wohar
Format:	Default Article
Published:	2017
Subjects:	Other commerce, management, tourism and services not elsewhere classified Fiscal policy Cyclicality Multivariate unobserved components model OECD Business and Management not elsewhere classified
Online Access:	https://hdl.handle.net/2134/27392
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