Time-varying fiscal multipliers for South Africa: A large time-varying parameter vector autoregression approach

Gideon du Rand, Hylton Hollander and Dawie van Lill

No wp-2023-106, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: A critical requirement for efficient fiscal policy is a reliable understanding of its impact on the aggregate economy for different policy instruments and under different economic conditions. Indeed, there is strong evidence to suggest that fiscal multipliers vary with economic conditions, the components of government decision-making that are considered, and the identification strategy and modelling approach used.

Keywords: Fiscal multipliers; Bayesian estimation; Fiscal policy (search for similar items in EconPapers)
Date: 2023
New Economics Papers: this item is included in nep-afr
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