Consumption patterns of indebted households
Unravelling the Relevance of Fiscal Policy
Dados Bibliográficos
| ID | 6429342 |
|---|---|
| Autores | António Afonso (0000-0002-6926-2653, University of Lisbon, autor correspondente), Eduardo De Sá Fortes Leitão Rodrigues (0000-0002-1547-8838, Universidade Federal Rural do Rio de Janeiro) |
| Ano | 2024 |
| Volume | 19 |
| Fascículo | 1 |
| Páginas | 31-57 |
| Data de publicação | 2024-10-14 |
| Peer Reviewed | Sim |
| Open Access | Sim |
| Tipo | ARTICLE |
| Periódico | International Journal of Economic Policy Studies (JOURNAL) |
| Identificadores do periódico | ISSN: 2524-4892 • E-ISSN: 1881-4387 |
| Editora | Springer Science+Business Media (PUBLISHER • DE) |
| DOI | 10.1007/s42495-024-00141-3 |
| OpenAlex | W4403369171 |
| Idioma | EN |
| Referências citadas | 39 |
We have investigated the influence of fiscal instruments, notably taxes and government spending, on household consumption in two different samples and two measures of household debt to provide a comprehensive analysis of the topic. We used dynamic panel models and the Generalised Method of Moments (GMM) approach for 24 and 32 advanced and emerging countries from 1995 to 2020. Our findings show that fiscal impulses increase private consumption. However, when households are highly indebted, the effects are different, and the increase in public spending or the reduced taxes discourages household consumption compared to the baseline (lower debt) group. These results suggest a precautionary effect
Consumption (sociology · Economic geography · Economics · Fiscal policy · Macroeconomics · Political science · Relevance (law · Social science · Sociology · Financial Literacy, Pension, Retirement Analysis · Housing Market and Economics · Housing, Finance, and Neoliberalism
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| Velocidade de citação | historical |
|---|---|
| Altamente citado | Não |