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...

Full description

Saved in:

Bibliographic Details
Main Authors:	Celasun, Oya, Kang, Joong Shik
Format:	eBook Book
Language:	English
Published:	Washington International Monetary Fund 01.07.2006
Edition:	1
Subjects:	Budget Deficits Domestic Debt Dynamic Models Econometric models Economic Models Fiscal policy Fiscal Reaction Functions Panel Data Single Variables: Models with Panel Data Single Equation Models National Debt Debt Management National Deficit Surplus
ISBN:	9781451989007, 1451864426, 1451989008, 1452723907, 9781452723907, 9781451864427
Online Access:	Get full text
Tags:	Add Tag No Tags, Be the first to tag this record!

Table of Contents:

Intro -- 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