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According to the expectations channel, a fiscal consolidation may give rise to less contractionary, or even expansionary effects on consumption, despite a decline in current disposable income. Intuitively, people may accumulate a stock of savings in anticipation of the consolidation and may...
Persistent link: https://www.econbiz.de/10011382733
According to the expectations channel, a fiscal consolidation may give rise to less contractionary, or even expansionary effects on consumption, despite a decline in current disposable income. Intuitively, people may accumulate a stock of savings in anticipation of the consolidation and may...
Persistent link: https://www.econbiz.de/10010509128
Persistent link: https://www.econbiz.de/10011708420
According to the expectations channel, a fiscal consolidation may give rise to less contractionary, or even expansionary effects on consumption, despite a decline in current disposable income. Intuitively, people may accumulate a stock of savings in anticipation of the consolidation and may...
Persistent link: https://www.econbiz.de/10011255263
Persistent link: https://www.econbiz.de/10014248768
Persistent link: https://www.econbiz.de/10013469789