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

Author

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  • Gideon du Rand
  • Hylton Hollander
  • Dawie van Lill

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.

Suggested Citation

  • Gideon du Rand & Hylton Hollander & Dawie van Lill, 2023. "Time-varying fiscal multipliers for South Africa: A large time-varying parameter vector autoregression approach," WIDER Working Paper Series wp-2023-106, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2023-106
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    References listed on IDEAS

    as
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    Cited by:

    1. Abhishek Kumar & Sushanta Mallick, 2024. "Government size and risk premium," WIDER Working Paper Series wp-2024-24, World Institute for Development Economic Research (UNU-WIDER).

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    Keywords

    Fiscal multipliers; Bayesian estimation; Fiscal policy;
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