0364091 20240103195516.820110926235959.9 Fiscal developments and financial stress: a threshold VAR analysis 60 s. cav_un_epca*00936741725-2806European Central Bank Working Paper Series20111319 (2011)1-60 fiscal policy financial markets threshold VAR cav_un_auth*0274485 Afonso A. DE cav_un_auth*0231592 Baxa Jaromír Ekonometrie Department of Econometrics E E UTIA-B Department of Econometrics Ústav teorie informace a automatizace AV ČR, v. v. i. cav_un_auth*0241031 Slavík M. CZ http://library.utia.cas.cz/separaty/2011/E/baxa-0364091.pdf CEZ:AV0Z10750506 We use a threshold VAR analysis to study whether the effects of fiscal policy on economic activity differ depending on financial market conditions. In particular, we investigate the possibility of a non-linear propagation of fiscal developments according to different financial market stress regimes. 2012 AH 3 http://hdl.handle.net/11104/0199663 2011 cav_un_epca*0093674 European Central Bank Working Paper Series 1725-2806 Roč. 2011 č. 1319 2011 1 60