Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5097665 | The Journal of Economic Asymmetries | 2017 | 7 Pages |
Abstract
This paper provides estimates of the impact of fiscal policy induced temporary increases in disposable income (TIDI) on personal consumption expenditures from 2000 to 2015. The regression analysis suggests an economically large impact of TIDI on consumption. The interpretations of the results as casual depends on the plausibility of the argument that fiscal policy changes were at least partly exogenous to contemporaneous shocks to personal consumption expenditures.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Marc D. Hayford,