Page 58 - Azerbaijan State University of Economics
P. 58
THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE, V.82, # 2, 2025, pp. 32-60
Batini, N., Eyraud, L. and Weber, A., 2014. A simple method to compute fiscal
multipliers. IMF Working Paper WP/14/93. Washington, DC: International Monetary
Fund. https://doi.org/10.5089/9781498360567.001
Bruneau, C. and De Bandt, O., 2003. Monetary and fiscal policy in the transition to
EMU: What do SVAR models tell us? Economic Modelling, 20(5), pp.959–985.
https://doi.org/10.1016/S0264-9993(02)00021-1
Caporale, G.M., Cipollini, A. and Demetriades, P., 2005. Monetary policy and the
exchange rate during the Asian crisis: Identification through heteroscedasticity.
Journal of International Money and Finance, 24(1), pp.39–53.
https://doi.org/10.1016/j.jimonfin.2004.10.001
Cărăușu, D.N. and Lupu, D., 2023. Public spending and output growth in Eastern
Europe: A structural VAR approach. In: Financial and Monetary Policies for
Fostering European Integration, pp.87–104. Springer, Cham.
https://doi.org/10.1007/978-3-031-29532-0_6
Chellai, F., 2021. What can SVAR models tell us about the impact of public
expenditure shocks on macroeconomic variables in Algeria? A slight hint to the
COVID-19 pandemic. Folia Oeconomica Stetinensia, 21(2), pp.21–37.
https://doi.org/10.2478/foli-2021-0012
Daoudi, M., 2023. The impact of fiscal policy on economic growth in Algeria:
Empirical study using SVAR model. Les Cahiers du CREAD, 39(2), pp.37–62.
De Castro Fernández, F. and Hernández de Cos, P., 2006. The economic effects of
exogenous fiscal shocks in Spain: A SVAR approach. ECB Working Paper No.647.
European Central Bank.
Fernandes, N., 2020. Economic effects of coronavirus outbreak (COVID-19) on the
world economy. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.3557504
Fragetta, M. and Melina, G., 2011. The effects of fiscal policy shocks in SVAR
models: A graphical modelling approach. Scottish Journal of Political Economy,
58(4), pp.537–566. https://doi.org/10.1111/j.1467-9485.2011.00552.x
Hamilton, J.D., 1989. A new approach to the economic analysis of nonstationary time
series and the business cycle. Econometrica, 57(2), pp.357–384.
https://doi.org/10.2307/1912559
IEA, 2022. World Energy Outlook 2022. International Energy Agency, Paris.
Available at: https://www.iea.org/reports/world-energy-outlook-2022 [Accessed 9
Sept 2025].
IMF, 2020. Fiscal policy and development: Human, social, and physical investment
for the SDGs. Washington, DC: International Monetary Fund.
Ismayilov, V., Almasov, N., & Mirzayev, S. (2021). The programme of reduction and
profiling of long-term unemployment in Azerbaijan. The Journal of Economic Sciences:
Theory and Practice, 78(1), 40–65.
58

