Demand-side economics in times of high debt : the case of the European Union

Monika Köppl-Turyna, Hanno Lorenz

We analyze the effectiveness of an increase in government consumption for stimulating growth for diverse levels of public debt in the European Union. We conclude, that growth rate can be stimulated in the short run by an increase in government consumption but only at low levels of public debt. Moreover, we find that an increase in intermediate consumption is more effective than an increase in compensation of public employees in stimulating output growth.

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Year of publication:	12/2016
Authors:	Köppl-Turyna, Monika ; Lorenz, Hanno
Publisher:	Wien : Agenda Austria
Subject:	growth \| fiscal stimulus \| government consumption \| public debt \| EU-Staaten \| EU countries \| Öffentliche Schulden \| Public debt \| Finanzpolitik \| Fiscal policy

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Extent:	1 Online-Ressource (circa 40 Seiten) Illustrationen
Series:	Working paper. - Wien : Agenda Austria, ZDB-ID 2904428-5. - Vol. no. 02
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Other identifiers:	hdl:10419/163559 [Handle]
Classification:	E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation ; H30 - Fiscal Policies and Behavior of Economic Agents. General ; H50 - National Government Expenditures and Related Policies. General ; H63 - Debt; Debt Management
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011717820