FEDVFederación Española de Disco Volador (Spanish: Spanish Federation of Frisbee)
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FEDV = Deviation of the log of the real federal government expenditure (1982 prices) from the log of its trend value; see Barro (1981, p.
Fourth, the Forecast Error Variance Decomposition (henceforth FEDV) which measures the contribution of different variables in the model to the volatility of the variable of interest is calculated for the entire period of the sample.