Arbeitspapier
Effective Consumption and Non-Keynesian Effects of Fiscal Policy
In this paper, we elaborate on the notion of effective consumption and its role in determining the outcome of fiscal changes. More specifically, we investigate whether government consumption, by acting either as a complement or a substitute to private consumption, can help explain the non-Keynesian effects of fiscal policy that have been previously documented. We let the periods, where government consumption has acted as a complement or a substitute to private consumption, constitute different regimes. By using econometric methodologies that allow the these regimes to be determined both exogenously and endogenously, we find that the notion of effective consumption can assist in understanding the non-Keynesian effects of fiscal policy that have been documented in Denmark, Ireland and Sweden.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 2004:26
- Klassifikation
-
Wirtschaft
Macroeconomics: Consumption; Saving; Wealth
Fiscal Policy
- Thema
-
Private Consumption
Fiscal Policy
Government Consumption
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Jönsson, Kristian
- Ereignis
-
Veröffentlichung
- (wer)
-
Lund University, School of Economics and Management, Department of Economics
- (wo)
-
Lund
- (wann)
-
2004
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Jönsson, Kristian
- Lund University, School of Economics and Management, Department of Economics
Entstanden
- 2004
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