Abstract:PurposeThe purpose of this study is to investigate how the uncertainty associated with fiscal policy, i.e. government expenditure and tax revenues, can affect the interest rates in a group of eleven countries, comprising high- and low-debt countries: Cyprus, Greece, Ireland, Italy, Portugal, Spain, Australia, Canada, Denmark, New Zealand and Norway.Design/methodology/approachThe empirical analysis makes use of the structural VAR (SVAR) methodological approach, which allows us to decompose the effects of the co… Show more
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