How Does Fiscal Policy Affect GDP and Inflation in Ukraine?

Artem Vdovychenko

Visnyk of the National Bank of Ukraine, 2018, issue 244, 25-43

Abstract: In this study, we apply the Blanchard-Perotti approach to estimating the impact of fiscal policy on GDP and inflation in Ukraine. By disaggregating fiscal data, we were able to determine which items of the budget have the most influence on real GDP and inflation. Our results show that fiscal multipliers in Ukraine in absolute values are higher for budget expenditures than for taxes. In addition, both budget expenditures and taxes have a positive impact on inflation.

Keywords: Fiscal multiplier; fiscal policy; fiscal shocks; VAR (search for similar items in EconPapers)
JEL-codes: C22 E62 H30 H61 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:ukb:journl:y:2018:i:244:p:25-43

DOI: 10.26531/vnbu2018.244.02

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