Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/18675 
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dc.contributor.authorSchclarek, Alfredoen
dc.date.accessioned2009-01-28T15:52:05Z-
dc.date.available2009-01-28T15:52:05Z-
dc.date.issued2004-
dc.identifier.urihttp://hdl.handle.net/10419/18675-
dc.description.abstractThis 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 rateaffect 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 estimationresults seem to indicate that government consumption shocks have Keynesian effects for bothindustrial and developing countries. In the case of tax shocks, the evidence suggest that theydo not have any effects on private consumption. Furthermore, there is no evidence that favorsthe hypothesis of expansionary fiscal consolidations.en
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x1310en
dc.subject.jelE21en
dc.subject.jelC33en
dc.subject.jelE62en
dc.subject.ddc330en
dc.subject.keywordfiscal policyen
dc.subject.keywordprivate consumptionen
dc.subject.keywordgovernment expenditureen
dc.subject.keywordtaxationen
dc.subject.keyworddeveloping countriesen
dc.subject.stwAntizyklische Finanzpolitiken
dc.subject.stwÖffentliche Ausgabenen
dc.subject.stwSchocken
dc.subject.stwGesamtwirtschaftlicher Konsumen
dc.subject.stwSchätzungen
dc.subject.stwWelten
dc.titleConsumption and Keynesian fiscal policy-
dc.typeWorking Paperen
dc.identifier.ppn477393810en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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