the period of 1973-2009. Government expenditure, private consumption expenditure, tax revenue, government debt, disposable … run relationship among the variables. Results of structural form consumption function invalidate the Ricardian Equivalence … consumption and controlling budget deficits, which are the prime goals of stabilization policies in Pakistan. …

Hypothesis. These findings illustrate concentration towards the importance of fiscal policies in raising private consumption and …

I examine the effects of fiscal policy actions on private consumption in a yearly panel of sixteen OECD countries …—with expansionary fiscal policy boosting consumption in recessions, having a nil effect on it in normal times or in fiscal stress, and … strongly displacing consumption in mixed states when recession and fiscal stress coincide. This happens because the liquidity …