期刊名称：International Review of Management and Marketing
电子版ISSN：2146-4405
出版年度：2018
卷号：8
期号：6
页码：107-111
语种：English
出版社：EconJournals
摘要：The present research aimed to examine the interaction between fiscal policy tools and economic fluctuations in Jordan. This investigation is done by assessing both Government Expense and Tax Revenue over a quarterly sample period from 1980 till Q1 2017. The Band-Pass filter is adapted to define the fluctuation variables and hence to distinguish between the phases of the economic cycle. Moreover, Econometric tools such as Johansen's cointegration test, the Vector error correction model and Impulse Response Functions are utilized. All determinant variables are found to be cointegrated and influence GDP growth and hence economic fluctuations. Results of this paper provide evidence that the fiscal policy rule seems to operate with various coefficients depending on the phase of the cycle.
关键词：Fiscal Policy; Band-Pass Filter; Cointegration; Jordan
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