Arbeitspapier
Consumption and Keynesian fiscal policy
This paper empirically studies the effects of fiscal policy shocks on private consumption. Further, it tries to determine if the level of government bond yield and the unemployment rate affect that relationship. We use yearly data between 1970 and 2000 for thirty-eight countries, of which half are industrialized and half are developing countries. In general, the estimation results seem to indicate that government consumption shocks have Keynesian effects for both industrial and developing countries. In the case of tax shocks, the evidence suggest that they do not have any effects on private consumption. Furthermore, there is no evidence that favors the hypothesis of expansionary fiscal consolidations.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 1310
- Klassifikation
-
Wirtschaft
Macroeconomics: Consumption; Saving; Wealth
Multiple or Simultaneous Equation Models: Panel Data Models; Spatio-temporal Models
Fiscal Policy
- Thema
-
fiscal policy
private consumption
government expenditure
taxation
developing countries
Antizyklische Finanzpolitik
Öffentliche Ausgaben
Schock
Gesamtwirtschaftlicher Konsum
Schätzung
Welt
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Schclarek, Alfredo
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2004
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Schclarek, Alfredo
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2004
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