Orientation of the Fiscal Policy in Tunisia: Structural VAR Analysis

Orientation of the Fiscal Policy in Tunisia: Structural VAR Analysis

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The objective of this paper is to indicate the orientation of fiscal policy in Tunisia, galaxy harmony nc using the structural budget balance, during the period 1972-2014.For this purpose, we estimate a structural VAR model consisting of the fiscal deficit sophie allport zebra to current GDP ratio and the volume of economic activity represented by the real GDP.We estimate bivariate structural VAR in order to decompose fiscal deficit fluctuations into different disturbances.