THE TIME-(IN)VARIANT INTERPLAY OF GOVERNMENT SPENDING AND PRIVATE CONSUMPTION IN BRAZIL
AbstractThis paper analyzes the relationship between government spending and private consumption in Brazil through an application of a VAR with time-varying parameters and stochastic volatility, estimated with Bayesian simulation over the 1996:Q1–2014:Q2 period. The findings reveal that fiscal polic...
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Format: | Article |
Language: | Portuguese |
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Universidade de São Paulo
2015-09-01
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Series: | Economia Aplicada |
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Online Access: | http://www.scielo.br/scielo.php?script=sci_arttext&pid=S1413-80502015000300429&lng=en&tlng=en |