What the Data Say about the Effects of Fiscal Policy in the Czech Republic?

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11230%2F10%3A10087553" target="_blank" >RIV/00216208:11230/10:10087553 - isvavai.cz</a>
Alternative codes found
RIV/67985556:_____/10:00349668
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
What the Data Say about the Effects of Fiscal Policy in the Czech Republic?
Original language description
We provide the estimates of the fiscal multiplier in the Czech economy, based on the methodology of the fiscal VAR. We utilize the dataset with quarterly data on a sample from the first quarter of 1998 to the second quarter of 2009. Our main results areas follows. Firstly, government expenditures have a positive and significant impact on the GDP. By contrast, a response of GDP on a shock to government revenues is slightly negative and in most specifications not significant. Secondly, these results arerobust to various sensitivity checks. Consequently, the restoration of sustainable fiscal policy should focus rather on the revenues side than in the government expenditures, since a significant cut in government spending would probably have slowed downeconomic growth. Finally, uncertainty connected with our results is large, namely in comparison with existing studies on the effects of monetary policy.
Czech name
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Czech description
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Project
Result was created during the realization of more than one project. More information in the Projects tab.
Continuities
Z - Vyzkumny zamer (s odkazem do CEZ)

Publication year
2010
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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