Browsing School of Economics by Subject "E21"

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Empirical proxies for the consumption–wealth ratio

Rudd, Jeremy ; Whelan, Karl (Elsevier Science, 2006)

Using a log-linearized approximation to an aggregate budget constraint, it is possible to show that the ratio of consumption to total (human and non-human) wealth summarizes agents' expectations concerning both future labor ...
Expansionary fiscal contractions? Evidence from panel data

Hogan, Vincent (Vincent Peter) (University College Dublin. School of Economics, 2003-01)

We examine the ability of the Expansionary Fiscal Contraction (EFC) hypothesis to explain the performance of of OECD economies during times of crisis. We find some limited evidence in its favour: if public consumption is ...
Expansionary Fiscal Contractions? Evidence from panel data

Hogan, Vincent (Vincent Peter) (Blackwell, 2004)

We examine the ability of the expansionary fiscal contraction (EFC) hypothesis to explain the performance of OECD economies during fiscal crises. We find some limited evidence in its favour: if public consumption is reduced ...