Expansionary fiscal contractions?

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Title: Expansionary fiscal contractions?
Authors: Hogan, Vincent (Vincent Peter)
Permanent link: http://hdl.handle.net/10197/925
Date: Feb-2001
Abstract: We examine the usefulness of the Expansionary Fiscal Contraction hypothesis in explaining the performance of the Irish and Danish economies. We find some evidence in favour of a weak version of the EFC hypotheisis: If the budget deficit is reduced in response to a fiscal crisis, consumption does seem to increase. However this increase is not enough to offset the direct effect of a reduction in the deficit on output- fiscal contractions are not literally expansionary.
Type of material: Working Paper
Publisher: University College Dublin. School of Economics
Series/Report no.: UCD Centre for Economic Research Working Paper Series; WP01/03
Copyright (published version): UCD School of Economics 2001
Subject LCSH: Fiscal policy--Ireland
Fiscal policy--Denmark
Other versions: http://www.ucd.ie/economics/research/papers/2001/WP01.03.pdf
Language: en
Status of Item: Not peer reviewed
Appears in Collections:Economics Working Papers & Policy Papers

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