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...

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Bibliographische Detailangaben
Hauptverfasser:	Celasun, Oya, Kang, Joong Shik
Format:	E-Book Buch
Sprache:	Englisch
Veröffentlicht:	Washington International Monetary Fund 01.07.2006
Ausgabe:	1
Schlagworte:	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-Zugang:	Volltext
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Inhaltsangabe:

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