Expansionary fiscal contractions?
|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
|Other versions:||http://www.ucd.ie/economics/research/papers/2001/WP01.03.pdf||Language:||en||Status of Item:||Not peer reviewed|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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