How Does Fiscal Policy Affect GDP and Inflation in Ukraine?

How Does Fiscal Policy Affect GDP and Inflation in Ukraine?

In this study, we apply the Blanchard-Perotti approach to estimating the impact of fiscal policy on GDP and inflation in Ukraine. By disaggregating fiscal data, we were able to determine which items of the budget have the most influence on real GDP and inflation. Our results show that fiscal multipl...

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Bibliographic Details
Main Author: Artem Vdovychenko
Format: Article
Language:English
Published: National Bank of Ukraine 2018-06-01
Series:Visnyk of the National Bank of Ukraine
Subjects:
fiscal multiplier
fiscal policy
fiscal shocks
var
Online Access:https://journal.bank.gov.ua/en/article/2018/244/02
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spelling doaj-a5df4f0a7f324460a25da908913445ca2020-11-24T21:35:09ZengNational Bank of UkraineVisnyk of the National Bank of Ukraine2414-987X2018-06-01244254310.26531/vnbu2018.244.02How Does Fiscal Policy Affect GDP and Inflation in Ukraine?Artem Vdovychenko0National Bank of UkraineIn this study, we apply the Blanchard-Perotti approach to estimating the impact of fiscal policy on GDP and inflation in Ukraine. By disaggregating fiscal data, we were able to determine which items of the budget have the most influence on real GDP and inflation. Our results show that fiscal multipliers in Ukraine in absolute values are higher for budget expenditures than for taxes. In addition, both budget expenditures and taxes have a positive impact on inflation.https://journal.bank.gov.ua/en/article/2018/244/02fiscal multiplierfiscal policyfiscal shocksvar
collection DOAJ
language English
format Article
sources DOAJ
author Artem Vdovychenko
spellingShingle Artem Vdovychenko
How Does Fiscal Policy Affect GDP and Inflation in Ukraine?
Visnyk of the National Bank of Ukraine
fiscal multiplier
fiscal policy
fiscal shocks
var
author_facet Artem Vdovychenko
author_sort Artem Vdovychenko
title How Does Fiscal Policy Affect GDP and Inflation in Ukraine?
title_short How Does Fiscal Policy Affect GDP and Inflation in Ukraine?
title_full How Does Fiscal Policy Affect GDP and Inflation in Ukraine?
title_fullStr How Does Fiscal Policy Affect GDP and Inflation in Ukraine?
title_full_unstemmed How Does Fiscal Policy Affect GDP and Inflation in Ukraine?
title_sort how does fiscal policy affect gdp and inflation in ukraine?
publisher National Bank of Ukraine
series Visnyk of the National Bank of Ukraine
issn 2414-987X
publishDate 2018-06-01
description In this study, we apply the Blanchard-Perotti approach to estimating the impact of fiscal policy on GDP and inflation in Ukraine. By disaggregating fiscal data, we were able to determine which items of the budget have the most influence on real GDP and inflation. Our results show that fiscal multipliers in Ukraine in absolute values are higher for budget expenditures than for taxes. In addition, both budget expenditures and taxes have a positive impact on inflation.
topic fiscal multiplier
fiscal policy
fiscal shocks
var
url https://journal.bank.gov.ua/en/article/2018/244/02
work_keys_str_mv AT artemvdovychenko howdoesfiscalpolicyaffectgdpandinflationinukraine
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