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Appendix B: Stability tests

Appendix Table 2 – Stability test results for equations and individual parameters

Stability test results for equations and individual parameters.

* Indicates statistically significant unstable estimates

* Tax = Net tax and G.E. = Government Expenditure

Appendix Table 3 – Stability test results for the fiscal VAR model
Deterministic	Stochastic	Hodrick-Prescott	First Difference
0.219	0.273	0.132	0.233
0.352	0.273	0.365	0.233
0.444	0.503	0.507	0.483
0.444	0.503	0.637	0.483
0.477	0.527	0.637	0.516
0.477	0.527	0.685	0.516
0.514	0.534	0.690	0.519
0.691	0.534	0.690	0.519
0.691	0.609	0.690	0.610
0.779	0.609	0.690	0.610
0.886	0.690	0.718	0.691
0.886	0.690	0.718	0.691

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