Fiscal sustainability and the fiscal reaction function for South Africa /

How does the South African government react to changes in its debt position? In investigating the question, this paper estimates fiscal reaction functions using various methods (OLS, VAR, TAR, GMM, State-Space modelling and VECM). The paper finds that since 1946 the South African government has ran...

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Hlavní autor: Jooste, Charl
Další autoři: Burger, Philippe, Cuevas, Alfredo, Stuart, Ian
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 2011.
Edice:IMF Working Papers; Working Paper ; No. 2011/069
On-line přístup:Full text available on IMF