Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/45288
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dc.contributor.authorStanécík, Jurajen_US
dc.contributor.authorVälilä, Timoen_US
dc.date.accessioned2011-04-19en_US
dc.date.accessioned2011-04-29T08:06:26Z-
dc.date.available2011-04-29T08:06:26Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/45288-
dc.description.abstractWe consider the impact of both cyclical and structural changes in the fiscal stance on public spending composition for a panel of EU countries, including individual components of public investment. We find that both cyclically-induced and structural changes in the fiscal stance affect the composition of public spending, with fiscal tightening of both types increasing the relative share of investment and loosening favouring consumption expenditure. Of the components of public investment, infrastructure and redistribution respond to cyclical changes in the fiscal stance, while investment in hospitals and schools responds most clearly to structural changes.en_US
dc.language.isoengen_US
dc.publisher|aEuropean Investment Bank |cLuxembourgen_US
dc.relation.ispartofseries|aEconomic and financial reports / European Investment Bank |x2010/02en_US
dc.subject.jelE62en_US
dc.subject.jelH50en_US
dc.subject.jelH62en_US
dc.subject.jelC33en_US
dc.subject.ddc330en_US
dc.subject.keywordfiscal policyen_US
dc.subject.keywordpublic expenditureen_US
dc.subject.keywordfiscal stanceen_US
dc.titleChanges in the fiscal stance and the composition of public spendingen_US
dc.typeWorking Paperen_US
dc.identifier.ppn656655518en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US

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