The (non-)Keynesian effects of fiscal austerity: New evidence from a large sample

We empirically assess whether the negative response of private consumption and private investment to fiscal consolidation usually expected is reversed. We focus on a sample of 174 countries between 1970 and 2018 to determine episodes of fiscal consolidations using three alternative measures of the c...

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Bibliographic Details
Main Author: Afonso, António (author)
Other Authors: Alves, José (author), Jalles, José Tovar (author)
Format: article
Language:eng
Published: 2022
Subjects:
Consumption
Endogeneity
Filtering
Financial Crises
Fiscal Consolidation
Investment
Non-Keynesian Effects
Panel Data
Online Access:http://hdl.handle.net/10400.5/25394
Country:Portugal
Oai:oai:www.repository.utl.pt:10400.5/25394

Internet

http://hdl.handle.net/10400.5/25394

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