On the properties of various estimators for fiscal reaction functions /

This paper evaluates the bias of the least-squares-with-dummy-variables (LSDV) method in fiscal reaction function estimations. A growing number of studies estimate fiscal policy reaction functions-that is, relationships between the primary fiscal balance and its determinants, including public debt a...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Celasun, Oya (Autor), Shik Kang, Joong (Autor)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C.] : International Monetary Fund, IMF Institute, 2006.
Colección:IMF working paper ; WP/06/182.
Temas:
Fiscal policy > Econometric models.
Finance, Public.
Politique fiscale > Modèles économétriques.
Finances publiques.
Finance, Public
Fiscal policy > Econometric models
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Contents
  • I. INTRODUCTION
  • II. BIASES OF ORDINARY-LEAST-SQUARES (OLS) AND LEAST-SQUARES-WITH-DUMMY VARIABLES (LSDV) ESTIMATORS: ANALYTICAL SOLUTIONS
  • III. MONTE CARLO EXPERIMENTS
  • IV. CONCLUSION
  • References

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