Consumption patterns of indebted households : unravelling the relevance of fiscal policy

Detalhes bibliográficos
Autor(a) principal: Afonso, António
Data de Publicação: 2023
Outros Autores: Rodrigues, Eduardo de Sá Fortes Leitão
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.5/27997
Resumo: We have investigated the influence of fiscal instruments, notably taxes on income 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 GMM approach for 32 advanced and emerging countries from 1995 to 2019. Our findings suggest that fiscal impulses increase private consumption, but when households are highly indebted, patterns change, and increased government spending or reduced taxes, in the presence of high indebtedness, actually discourage household consumption compared to the baseline (lower debt) group.
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spelling Consumption patterns of indebted households : unravelling the relevance of fiscal policyhousehold consumptionhousehold debtfiscal policypanel dataWe have investigated the influence of fiscal instruments, notably taxes on income 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 GMM approach for 32 advanced and emerging countries from 1995 to 2019. Our findings suggest that fiscal impulses increase private consumption, but when households are highly indebted, patterns change, and increased government spending or reduced taxes, in the presence of high indebtedness, actually discourage household consumption compared to the baseline (lower debt) group.ISEG - REM - Research in Economics and MathematicsRepositório da Universidade de LisboaAfonso, AntónioRodrigues, Eduardo de Sá Fortes Leitão2023-07-14T09:31:34Z2023-072023-07-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/27997engAfonso, António e Eduardo de Sá Fortes Leitão Rodrigues (2023). "Consumption patterns of indebted households : unravelling the relevance of fiscal policy". REM Working paper series, nº 0282/20232184-108Xinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-07-16T01:30:55Zoai:www.repository.utl.pt:10400.5/27997Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T18:34:50.155979Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Consumption patterns of indebted households : unravelling the relevance of fiscal policy
title Consumption patterns of indebted households : unravelling the relevance of fiscal policy
spellingShingle Consumption patterns of indebted households : unravelling the relevance of fiscal policy
Afonso, António
household consumption
household debt
fiscal policy
panel data
title_short Consumption patterns of indebted households : unravelling the relevance of fiscal policy
title_full Consumption patterns of indebted households : unravelling the relevance of fiscal policy
title_fullStr Consumption patterns of indebted households : unravelling the relevance of fiscal policy
title_full_unstemmed Consumption patterns of indebted households : unravelling the relevance of fiscal policy
title_sort Consumption patterns of indebted households : unravelling the relevance of fiscal policy
author Afonso, António
author_facet Afonso, António
Rodrigues, Eduardo de Sá Fortes Leitão
author_role author
author2 Rodrigues, Eduardo de Sá Fortes Leitão
author2_role author
dc.contributor.none.fl_str_mv Repositório da Universidade de Lisboa
dc.contributor.author.fl_str_mv Afonso, António
Rodrigues, Eduardo de Sá Fortes Leitão
dc.subject.por.fl_str_mv household consumption
household debt
fiscal policy
panel data
topic household consumption
household debt
fiscal policy
panel data
description We have investigated the influence of fiscal instruments, notably taxes on income 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 GMM approach for 32 advanced and emerging countries from 1995 to 2019. Our findings suggest that fiscal impulses increase private consumption, but when households are highly indebted, patterns change, and increased government spending or reduced taxes, in the presence of high indebtedness, actually discourage household consumption compared to the baseline (lower debt) group.
publishDate 2023
dc.date.none.fl_str_mv 2023-07-14T09:31:34Z
2023-07
2023-07-01T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.5/27997
url http://hdl.handle.net/10400.5/27997
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Afonso, António e Eduardo de Sá Fortes Leitão Rodrigues (2023). "Consumption patterns of indebted households : unravelling the relevance of fiscal policy". REM Working paper series, nº 0282/2023
2184-108X
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv ISEG - REM - Research in Economics and Mathematics
publisher.none.fl_str_mv ISEG - REM - Research in Economics and Mathematics
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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