It’s Not All Fiscal : Effects of Income, Fiscal Policy, and Wealth on Private Consumption

Effects of Income, Fiscal Policy, and Wealth on Private Consumption

It’s Not All Fiscal : Effects of Income, Fiscal Policy, and Wealth on Private Consumption
We attempt to disentangle income and wealth effects on consumption by disaggregating both the different types of income and wealth. We estimate a consumption function for a panel of quarterly data for 14 advanced economies spanning 1998 to 2012, using an error correction specification. We find a significant long-term relation between consumption... READ MORE...

Publication date: May 2015
ISBN 9781513584744
$18.00

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