SAVING BEHAVIOUR AND THE EFFECTIVENESS OF FISCAL POLICY

@inproceedings{2004SAVINGBA,
  title={SAVING BEHAVIOUR AND THE EFFECTIVENESS OF FISCAL POLICY},
  author={},
  year={2004}
}
  • Published 2004
Private saving behaviour has important consequences for the effectiveness of fiscal policy... Fiscal policy has been used as an antidote to weak activity during the most recent downturn and fiscal consolidation has been delayed in some countries because of its perceived costs in terms of lower activity. However, the impact of fiscal policy on aggregate demand depends on the responses of private saving to changes in fiscal stance. In certain circumstances budget deficit shifts can be offset by… CONTINUE READING

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