Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/205584
Authors: 
Claus, Iris
Gill, Aaron
Lee, Boram
McLellan, Nathan
Year of Publication: 
2006
Series/Report no.: 
New Zealand Treasury Working Paper No. 06/08
Publisher: 
New Zealand Government, The Treasury, Wellington
Abstract: 
This paper examines the effects of fiscal policy, measured by changes in government spending and net tax (government tax revenue less transfer payments), on New Zealand GDP. The framework of analysis is a structural vector autoregression (VAR) model of the New Zealand economy, employing and extending estimation techniques used by Blanchard and Perotti (2002). This model is then used to examine the dynamic effects of changes in government spending, taxes and transfers on GDP and the contributions of discretionary fiscal policy to New Zealand business cycles.
Subjects: 
Fiscal policy
business cycle fluctuations
vector autoregression
JEL: 
C32
E32
E62
Creative Commons License: 
https://creativecommons.org/licenses/by/4.0/
Document Type: 
Working Paper

Files in This Item:
File
Size
486.61 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.