Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/163559 
Year of Publication: 
2016
Series/Report no.: 
Agenda Austria Working Paper No. 02
Publisher: 
Agenda Austria, Wien
Abstract: 
We analyze the effectiveness of an increase in government consumption for stimulating growth for diverse levels of public debt in the European Union. We conclude, that growth rate can be stimulated in the short run by an increase in government consumption but only at low levels of public debt. Moreover, we find that an increase in intermediate consumption is more effective than an increase in compensation of public employees in stimulating output growth.
Subjects: 
growth
fiscal stimulus
government consumption
public debt
JEL: 
E62
H30
H50
H63
Document Type: 
Working Paper
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