On the properties of various estimators for fiscal reaction functions / prepared by Oya Celasun and Joong Shik Kang.

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...

Full description

Bibliographic Details

Online Access:	Full Text (via ProQuest)
Main Authors:	Celasun, Oya (Author), Shik Kang, Joong (Author)
Format:	eBook
Language:	English
Published:	[Washington, D.C.] : International Monetary Fund, IMF Institute, 2006.
Series:	IMF working paper (Online) ; WP/06/182.
Subjects:	Fiscal policy > Econometric models. Finance, Public.