@techreport{Schclarek2004Consumption,
abstract = {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.},
author = {Alfredo Schclarek},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {E21; C33; E62; 330; fiscal policy; private consumption; government expenditure; taxation; developing countries; Antizyklische Finanzpolitik; \"{O}ffentliche Ausgaben; Schock; Gesamtwirtschaftlicher Konsum; Sch\"{a}tzung; Welt},
language = {eng},
number = {1310},
title = {Consumption and Keynesian fiscal policy},
type = {CESifo working papers},
url = {http://hdl.handle.net/10419/18675},
year = {2004}
}
