کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5062560 | 1371869 | 2007 | 6 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Short CommunicationThe impact of government debt on private consumption in OECD countries
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موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
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چکیده انگلیسی
This paper establishes a non-linear relationship between private consumption and government debt. In OECD-countries with high government debt, a fiscal expansion is partly crowded out by a fall in private consumption. In contrast, in low debt countries, private consumption is insensitive to changes in government debt. Thus fiscal policy is less effective in stabilising business cycle fluctuations at higher levels of government debt.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Economics Letters - Volume 94, Issue 2, February 2007, Pages 220-225
Journal: Economics Letters - Volume 94, Issue 2, February 2007, Pages 220-225
نویسندگان
Robert-Paul Berben, Teunis Brosens,