The role of income inequality on fiscal multipliers

Detalhes bibliográficos
Autor(a) principal: Franco, Bruno Daniel Quintais
Data de Publicação: 2015
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/15081
Resumo: A Work Project, presented as part of the requirements for the Award of a Masters Double Degree in Economics from the Nova School of Business and Economics and University of Maastricht
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spelling The role of income inequality on fiscal multipliersFiscal policyForecastingIncome inequalityGovernment expenditureOutput fluctuationsA Work Project, presented as part of the requirements for the Award of a Masters Double Degree in Economics from the Nova School of Business and Economics and University of MaastrichtThis paper investigates the role of income inequality on the size of fiscal multipliers during the recent crisis. Using various measures of income inequality, the empirical strategy developed suggests a positive and statistically significant impact of inequality on the size of fiscal multipliers of European economies during 2010-11. The results are robust after controlling for the role of outliers, by adding controls that could be driving the results, testing for different forecast vintages, and using a different source of standardized income inequality data. Theoretical arguments that may explain the results are presented. Namely the existence of credit constraints to relatively poor households, and the lower propensity to consume of relatively wealthier households.Franco, FrancescoVeen, TomRUNFranco, Bruno Daniel Quintais2015-06-04T11:16:05Z2015-012015-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/15081TID:201475421enginfo: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:RCAAP2024-03-11T03:50:41Zoai:run.unl.pt:10362/15081Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:22:16.830781Repositório 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 The role of income inequality on fiscal multipliers
title The role of income inequality on fiscal multipliers
spellingShingle The role of income inequality on fiscal multipliers
Franco, Bruno Daniel Quintais
Fiscal policy
Forecasting
Income inequality
Government expenditure
Output fluctuations
title_short The role of income inequality on fiscal multipliers
title_full The role of income inequality on fiscal multipliers
title_fullStr The role of income inequality on fiscal multipliers
title_full_unstemmed The role of income inequality on fiscal multipliers
title_sort The role of income inequality on fiscal multipliers
author Franco, Bruno Daniel Quintais
author_facet Franco, Bruno Daniel Quintais
author_role author
dc.contributor.none.fl_str_mv Franco, Francesco
Veen, Tom
RUN
dc.contributor.author.fl_str_mv Franco, Bruno Daniel Quintais
dc.subject.por.fl_str_mv Fiscal policy
Forecasting
Income inequality
Government expenditure
Output fluctuations
topic Fiscal policy
Forecasting
Income inequality
Government expenditure
Output fluctuations
description A Work Project, presented as part of the requirements for the Award of a Masters Double Degree in Economics from the Nova School of Business and Economics and University of Maastricht
publishDate 2015
dc.date.none.fl_str_mv 2015-06-04T11:16:05Z
2015-01
2015-01-01T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
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status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/15081
TID:201475421
url http://hdl.handle.net/10362/15081
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dc.language.iso.fl_str_mv eng
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