THE IMPACT OF THE FISCAL POLICY CHANGE ON THE MAIN MACROECONOMIC VARIABLES

Cosmin Trifu, Florin Blaga, Georgian Danut Mihai, George Alexandru Neacsu and Antonela Bichir-Ghelase
Additional contact information
Cosmin Trifu: Bucharest University of Economic Studies, Doctoral School of Finance, Romania
Florin Blaga: Bucharest University of Economic Studies, Doctoral School of Finance, Romania
Georgian Danut Mihai: Bucharest University of Economic Studies, Doctoral School of Finance, Romania
George Alexandru Neacsu: Bucharest University of Economic Studies, Doctoral School of Finance, Romania
Antonela Bichir-Ghelase: Bucharest University of Economic Studies, Doctoral School of Finance, Romania

Journal of Financial and Monetary Economics, 2022, vol. 10, issue 1, 93-97

Abstract: In this article we propose an empirical study using a Bayesian VAR type model with which we quantify the impact of fiscal policy changes on the main macroeconomic variables, namely the exchange rate, market interest rates, inflation, unemployment, etc. The results show us that most shocks extinguish at the time of monetary policy interventions of the opposite direction to the type of fiscal policy.

Keywords: Bayesian VAR; Fiscal Policy; Monetary Policy (search for similar items in EconPapers)
JEL-codes: E62 H21 O23 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.icfm.ro/RePEc/vls/vls_pdf_jfme/vol10i1p93-97.pdf

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:vls:rojfme:v:10:y:2022:i:1:p:93-97

Access Statistics for this article

More articles in Journal of Financial and Monetary Economics from Centre of Financial and Monetary Research "Victor Slavescu" Contact information at EDIRC.
Bibliographic data for series maintained by Daniel Mateescu ().