Nunes, Luís CatelaJóia, Filipa Gomes da Silva2015-05-112015-05-112014-05http://hdl.handle.net/10362/14905The purpose of the project is to measure the impact of fiscal policy on the Portuguese GDP and how it may vary according to the state of the financial market. A Threshold VAR model is presented in which the two regimes are found using a financial stress index that divides the economy into a situation of financial stress and financial stability.engThreshold VARFinancial Stress Index (FSI)Fiscal multipliersRegime switchesmaster thesis201476207