The impact of fiscal policy on private consumption and social outcomes in Europe and the CIS

Carmignani, Fabrizio (2008) The impact of fiscal policy on private consumption and social outcomes in Europe and the CIS. Journal of Macroeconomics, 30 1: 575-598. doi:10.1016/j.jmacro.2006.10.002

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Author Carmignani, Fabrizio
Title The impact of fiscal policy on private consumption and social outcomes in Europe and the CIS
Journal name Journal of Macroeconomics   Check publisher's open access policy
ISSN 0164-0704
1873-152X
Publication date 2008-03
Sub-type Article (original research)
DOI 10.1016/j.jmacro.2006.10.002
Volume 30
Issue 1
Start page 575
End page 598
Total pages 24
Editor D. McMillin
T. Palivos
C. Papageorgiou
Place of publication Dordrecht, Netherlands
Publisher Elsevier Science
Language eng
Subject 720101 Fiscal policy
140212 Macroeconomics (incl. Monetary and Fiscal Theory)
149901 Comparative Economic Systems
Abstract The paper studies the effects of fiscal policy on per-capita private consumption and social outcomes in a simultaneous equations framework. The focus is on transition economies and the model specification allows for a non-linear response of socio-economic variables to fiscal policy depending on the fiscal regime. Key results are (i) fiscal policy has Keynesian effects in transition countries and non-Keynesian effects in high-income OECD economies, but only outside normal times, (ii) public health and social protection expenditure improve social outcomes, and (iii) there is evidence of electoral business cycle of fiscal policy in both transition and high-income countries.
Keyword Private consumption
Health
Education
Fiscal policies
Q-Index Code C1
Q-Index Status Provisional Code
Institutional Status Non-UQ

Document type: Journal Article
Sub-type: Article (original research)
Collections: Excellence in Research Australia (ERA) - Collection
School of Economics Publications
 
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Citation counts: TR Web of Science Citation Count  Cited 9 times in Thomson Reuters Web of Science Article | Citations
Scopus Citation Count Cited 11 times in Scopus Article | Citations
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Created: Thu, 12 Nov 2009, 13:37:59 EST by Maria Campbell on behalf of Faculty of Business, Economics & Law