Impact of Fiscal Policy on Consumption and Labor Supply under a Time-Varying Structural VAR Model

Impact of Fiscal Policy on Consumption and Labor Supply under a Time-Varying Structural VAR Model

This paper investigates the impact of fiscal policy on private consumption and labor supply in the UK economy using time-varying parameter vector autoregression (TVP-VAR) with stochastic volatility for the period Q2 1987 to Q2 2017. It considers fiscal variables such as government expenditure and ne...

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Bibliographic Details
Main Author: Rozina Shaheen
Format: Article
Language:English
Published: MDPI AG 2019-06-01
Series:Economies
Subjects:
fiscal policy
private consumption
labor market
time-varying parameters
Online Access:https://www.mdpi.com/2227-7099/7/2/57

Internet

https://www.mdpi.com/2227-7099/7/2/57

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