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Is fiscal policy in the euro area Ricardian?

Panjer, Nikki; de Haan, Leo; Jacobs, Jan

Description

We empirically determine whether a Ricardian or a non-Ricardian regime is more plausible for the euro area, following the research strategy of Canzoneri et al. (Am Econ Rev 91:1221–1238, 2001). A Vector AutoRegressive model for the primary government balance and the government debt is estimated for the period 1980q2–2013q4. Our model uses dummy interaction terms to account for the breaks due to the introduction of the Euro Convergence Criteria (ECC) and the start of the global fnancial...[Show more]

CollectionsANU Research Publications
Date published: 2020
Type: Journal article
URI: http://hdl.handle.net/1885/264057
Source: Empirica
DOI: 10.1007/s10663-019-09431-y
Access Rights: Open Access

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