The Effects of Fiscal Policy Shocks in Lesotho Using SVAR/SVEC (Marethabile Hlaahla)

This MEFMI Fellows technical paper by Marethabile Hlaahla analyses the effects of fiscal policy shocks in Lesotho using structural vector autoregression (SVAR) and structural vector error correction (SVEC) methods. It estimates the macroeconomic impact of fiscal interventions, informing fiscal policy design in a small open economy of the MEFMI region.