Influence of fiscal policy on business cycle
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F15%3A00082353" target="_blank" >RIV/00216224:14560/15:00082353 - isvavai.cz</a>
Result on the web
<a href="http://fim.uhk.cz/hed/images/KOMPLET_2_CJ.pdf" target="_blank" >http://fim.uhk.cz/hed/images/KOMPLET_2_CJ.pdf</a>
DOI - Digital Object Identifier
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Alternative languages
Result language
čeština
Original language name
VLIV FISKÁLNÍ POLITIKY NA HOSPODÁŘSKÝ CYKLUS
Original language description
This paper analyses macroeconomic data of Czech and Slovak economy with aim to decide if fiscal policy has procyclical or coutercyclical influence to the business cycle. We use quarterly data for the Czech Republic covering period 2001Q1-2012Q1 and quarterly data for the Slovak Republic covering period 2003Q1-2012Q1. Firstly, we test the relationship between fiscal policy and the business cycle with help of the cross correlation coefficient. Secondly, using structural VAR model we identify fiscal policyshock from the data. This shock is compared with the business cycle and its procyclical or coutercyclical influence is discussed. Results are as follows: First method shows the procyclical influence, second method shows both procyclical and countercyclical influences.
Czech name
VLIV FISKÁLNÍ POLITIKY NA HOSPODÁŘSKÝ CYKLUS
Czech description
This paper analyses macroeconomic data of Czech and Slovak economy with aim to decide if fiscal policy has procyclical or coutercyclical influence to the business cycle. We use quarterly data for the Czech Republic covering period 2001Q1-2012Q1 and quarterly data for the Slovak Republic covering period 2003Q1-2012Q1. Firstly, we test the relationship between fiscal policy and the business cycle with help of the cross correlation coefficient. Secondly, using structural VAR model we identify fiscal policyshock from the data. This shock is compared with the business cycle and its procyclical or coutercyclical influence is discussed. Results are as follows: First method shows the procyclical influence, second method shows both procyclical and countercyclical influences.
Classification
Type
D - Article in proceedings
CEP classification
AH - Economics
OECD FORD branch
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Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Hradecké ekonomické dny 2015
ISBN
9788074355479
ISSN
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e-ISSN
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Number of pages
7
Pages from-to
466-472
Publisher name
Univerzita Hradec Králové
Place of publication
Hradec Králové
Event location
Hradec Králové
Event date
Feb 3, 2015
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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