Fiscal Policy Reaction Function and Sustainability of Fiscal Policy in Ukraine
This study analyzes the fiscal policy reaction function with switching regimes. We use Logistic Smooth Transition Regressions (LSTR) to show that fiscal policy in Ukraine during the study period remained largely in passive mode, switching to active mode during periods of a high output gap and elevat...
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| Format: | Article |
| Language: | English |
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National Bank of Ukraine
2017-06-01
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| Series: | Visnyk of the National Bank of Ukraine |
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| Online Access: | https://journal.bank.gov.ua/en/article/2017/240/03 |