This study examines the business cycle behaviour of public consumption and its main components; the public wage bill (including compensation per employee and public employment) and intermediate consumption in the euro area aggregate, euro area countries and a group of selected non-euro area OECD...

Earlier empirical literature has examined some long- and medium-term aspects of macro-fiscal volatility while leaving its short-term fiscal impact unexplored. To help fill that gap, we examine the impact of macro-fiscal volatility on the composition of public spending. To that end, we analyse a...

Religionens røde tråd i Bosnien: Fra krig over Mujahedin til nu: I hvilket omfang styrede serbiske agenter Bosnien under krigen? Hvad var det politiske mål for de bosniske muslimer - et samlet Bosnien eller en lille islamisk stat? Frederik Stjernfelt, der sammen med Jens-Martin Eriksen har...

The aim of this paper is to analyse the effects of tourism consumption on imports. The basic idea is that conversion of tourism expenditure into value added and GP depends on the effect of the former on imports. Imports are leakages that reduce the economic impact of tourism in a destination and...

Private households constitute one of the main economic sectors. The underlying house-hold structure determines income and consumption aggregates. For example, changes in the population composition induced by demographic change or shifts in the income structure through redistributional policy...

According to the life-cycle theory of consumption and saving, foreseeable retirement events should not reduce consumption. Whereas some consumption expenditures may fall when goods are self-produced (given higher leisure after retirement), this argument applies especially to housing consumption...

Zu Beginn dieses Jahres hat das Statistische Bundesamt - wie zu diesem Zeitpunkt üblich - eine erste vorläufige Berechnung der wichtigsten Aggregate der Volkswirtschaftlichen Gesamtrechnung für das Vorjahr veröffentlicht. Die in diesem Bericht vorgelegten Daten weichen für 2004 von den...

Die konjunkturelle Lage in Deutschland hellt sich zwar auf, der Aufschwung gewinnt aber nicht hinreichend an Breite. Die mangelnde Konsumbereitschaft der privaten Haushalte trübt noch die Stimmung. Trotz leichter Zuwächse kann von einer für einen Aufschwung typischen Erholung der...