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  • We consider the impact of both cyclical and structural changes in the fiscal stance on public spending composition for a panel of EU countries, including individual components of public investment. We find that both cyclically induced and structural changes in the fiscal stance affect the composition of public spending, with fiscal tightening of both types increasing the relative share of investment and loosening favouring consumption expenditure. Of the components of public investment, infrastructure and redistribution respond to cyclical changes in the fiscal stance, while investment in hospitals and schools responds most clearly to structural changes.
  • We consider the impact of both cyclical and structural changes in the fiscal stance on public spending composition for a panel of EU countries, including individual components of public investment. We find that both cyclically induced and structural changes in the fiscal stance affect the composition of public spending, with fiscal tightening of both types increasing the relative share of investment and loosening favouring consumption expenditure. Of the components of public investment, infrastructure and redistribution respond to cyclical changes in the fiscal stance, while investment in hospitals and schools responds most clearly to structural changes. (en)
Title
  • Changes in the fiscal stance and the composition of public spending
  • Changes in the fiscal stance and the composition of public spending (en)
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  • Changes in the fiscal stance and the composition of public spending
  • Changes in the fiscal stance and the composition of public spending (en)
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  • RIV/67985998:_____/12:00380362!RIV13-AV0-67985998
http://linked.open...avai/predkladatel
http://linked.open...avai/riv/aktivita
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  • Z(AV0Z70850503)
http://linked.open...iv/cisloPeriodika
  • 1
http://linked.open...vai/riv/dodaniDat
http://linked.open...aciTvurceVysledku
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http://linked.open...iv/duvernostUdaju
http://linked.open...titaPredkladatele
http://linked.open...dnocenehoVysledku
  • 126712
http://linked.open...ai/riv/idVysledku
  • RIV/67985998:_____/12:00380362
http://linked.open...riv/jazykVysledku
http://linked.open.../riv/klicovaSlova
  • fiscal policy; public expenditure; fiscal stance (en)
http://linked.open.../riv/klicoveSlovo
http://linked.open...odStatuVydavatele
  • DE - Spolková republika Německo
http://linked.open...ontrolniKodProRIV
  • [E73A47B09E05]
http://linked.open...i/riv/nazevZdroje
  • Empirical Economics
http://linked.open...in/vavai/riv/obor
http://linked.open...ichTvurcuVysledku
http://linked.open...cetTvurcuVysledku
http://linked.open...UplatneniVysledku
http://linked.open...v/svazekPeriodika
  • 43
http://linked.open...iv/tvurceVysledku
  • Stančík, Juraj
  • Välilä, T.
http://linked.open...ain/vavai/riv/wos
  • 000306284200010
http://linked.open...n/vavai/riv/zamer
issn
  • 0377-7332
number of pages
http://bibframe.org/vocab/doi
  • 10.1007/s00181-011-0469-9
is http://linked.open...avai/riv/vysledek of
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