Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/45288 
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dc.contributor.authorStanécík, Jurajen
dc.contributor.authorVälilä, Timoen
dc.date.accessioned2011-04-19-
dc.date.accessioned2011-04-29T08:06:26Z-
dc.date.available2011-04-29T08:06:26Z-
dc.date.issued2010-
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
dc.language.isoengen
dc.publisher|aEuropean Investment Bank (EIB) |cLuxembourgen
dc.relation.ispartofseries|aEconomic and Financial Report |x2010/02en
dc.subject.jelE62en
dc.subject.jelH50en
dc.subject.jelH62en
dc.subject.jelC33en
dc.subject.ddc330en
dc.subject.keywordfiscal policyen
dc.subject.keywordpublic expenditureen
dc.subject.keywordfiscal stanceen
dc.titleChanges in the fiscal stance and the composition of public spending-
dc.typeWorking Paperen
dc.identifier.ppn656655518en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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