Content Cannot be Displayed
Chat content cannot be displayed due to cookie settings. To view the content, modify your cookie settings to allow the following categories: Chat Services.
Cookie SettingsThis paper examines the effects of fiscal policy on private consumption. The paper evaluates the assumption that the effects of fiscal policy are dependent on the public sector's financial situation, which changes the private sector's income expectations. For this purpose regression equations are run with international data. From the international evidence it is found that every component of fiscal policy, public consumption, taxes, and transfers, may have regime-specific effects related to the financial balance in the public sector. Regressions of Finnish data show that private sector's income expectations may have played an important role in the private consumption changes of the early 199Os. In light of the international estimations, it is also found that changes in the unemployment rate may have regime-specific effects on consumption.
Language |
English |
---|---|
Series | VATT-keskustelualoitteita, 133 |
Subjects |
E620 - Macroeconomic Aspects of Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation
E620 - Macroeconomic Aspects of Fiscal Policy; Public Expenditures, Investment, and Finance; TaxationSearch as topicSearch in all fields
H300 - Fiscal Policies and Behavior of Economic Agents: General
H300 - Fiscal Policies and Behavior of Economic Agents: GeneralSearch as topicSearch in all fields |
ISBN |
951-561-189-X |
Content Cannot be Displayed
Chat content cannot be displayed due to cookie settings. To view the content, modify your cookie settings to allow the following categories: Chat Services.
Cookie Settings