Arbeitspapier
On the Composition of Public Spending and Taxes
This paper studies the implications of changes in the fiscal (spending-tax) policy mix when all categories of spending and taxes are according to their functional breakdown. In so doing, we build a general equilibrium OLG model which naturally incorporates the main functional categories of public spending and taxes as in the euro area. Departing from the crisis year of 2008, the main result is that an increase in public spending on education and health would have outperformed all other changes in fiscal policy that have either happened or have been debated in policy circles.
- Sprache
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Englisch
- Erschienen in
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Series: CESifo Working Paper ; No. 5510
- Klassifikation
-
Wirtschaft
National Government Expenditures and Related Policies: General
Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General
- Thema
-
government expenditure
public finance
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Economides, George
Park, Hyun
Philippopoulos, Apostolis
Sakkas, Stelios
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2015
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Economides, George
- Park, Hyun
- Philippopoulos, Apostolis
- Sakkas, Stelios
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2015