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...

Full description

Bibliographic Details
Main Author: Diego Ferreira
Format: Article
Language:Portuguese
Published: Universidade de São Paulo 2015-09-01
Series:Economia Aplicada
Subjects:
Online Access:http://www.scielo.br/scielo.php?script=sci_arttext&pid=S1413-80502015000300429&lng=en&tlng=en