This paper investigates the effects of fiscal policy on asset prices using structural dynamic factor model (SDFM) with cointegrated factors. Much of the focus in the literature were on monetary policy and asset prices, with little attention to fiscal …
The effects of fiscal policy on the economy is increasingly popular in the literature of empirical macroeconomics and factor-augmented vector autoregressive (FAVAR) models have become a popular tool in explaining how economic variables interact over …
Ghana’s desire to achieve sustainable economic growth with relatively stable price level pursue both monetary and fiscal policies that could lead to macroeconomic. This study examines the effects of fiscal and monetary policy on economic growth and …
The relationship between government revenue and government expenditure has been an important topic in public economics, given its relevance for policy especially with respect to the budget deficit. The purpose of this paper is to investigate the …