Changes in the fiscal stance and the composition of public spending

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SYSNO ASEP	0334165
Document Type	J - Journal Article
R&D Document Type	Journal Article
Subsidiary J	Ostatní články
Title	Changes in the fiscal stance and the composition of public spending
Author(s)	Stančík, Juraj (NHU-N) Välilä, T. (DE)
Source Title	CERGE-EI Working Paper Series - ISSN 1211-3298 -, č. 394 (2009), s. 1-22
Number of pages	22 s.
Publication form	www - www
Language	eng - English
Country	CZ - Czech Republic
Keywords	fiscal policy ; public expenditure ; fiscal stance
Subject RIV	AH - Economics
R&D Projects	LC542 GA MŠMT - Ministry of Education, Youth and Sports (MEYS)
CEZ	AV0Z70850503 - NHU-N (2005-2011)
Annotation	The share of public investment relative to consumption expenditure has declined in past decades. Earlier literature has attributed this stylised fact variably to the relative political ease of cutting investment; different cyclical patterns of public investment and consumption; or to EMU’s fiscal rules. We consider the impact of both cyclical and structural changes in the fiscal stance on public spending composition for a panel of EU countries, including individual components of public investment.
Workplace	Economics Institute
Contact	Tomáš Pavela, pavela@cerge-ei.cz, Tel.: 224 005 122
Year of Publishing	2010

Number of the records: 1