Consumption and Keynesian fiscal policy presented at CESifo Venice Summer Institute, Workshop on the Revival of Aggregate Demand Management Policies: Back to Keynes?, July 2004
Literaturverz. S. 26 - 27
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| Format: | UnknownFormat |
| Sprache: | eng |
| Veröffentlicht: |
Munich
Univ., Center for Economic Studies u.a.
2004
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| Schriftenreihe: | CESifo working paper series Fiscal policy, macroeconomics and growth
1310 |
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Tag hinzufügen | Zusammenfassung: | Literaturverz. S. 26 - 27 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. |
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| Beschreibung: | Internetausg.: http://www.cesifo.de/~DocCIDL/cesifo1_wp1310.pdf |
| Beschreibung: | 27 S Tab |