Macro-fiscal volatility and the composition of public spending

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F67985998%3A_____%2F11%3A00370925" target="_blank" >RIV/67985998:_____/11:00370925 - isvavai.cz</a>
Result on the web
<a href="http://dx.doi.org/10.1111/j.1475-5890.2011.00149.x" target="_blank" >http://dx.doi.org/10.1111/j.1475-5890.2011.00149.x</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1111/j.1475-5890.2011.00149.x" target="_blank" >10.1111/j.1475-5890.2011.00149.x</a>

Result language
angličtina
Original language name
Macro-fiscal volatility and the composition of public spending
Original language description
Earlier empirical literature has examined some long- and medium-term aspects of macro-fiscal volatility while leaving its short-term fiscal impact unexplored. To help fill that gap, we examine the impact of macro-fiscal volatility on the composition of public spending. To that end, we analyse a panel of 10 EU countries during 1991?2007. Our results suggest that increases in the volatility of regularly-collected and cyclical revenues such as the VAT and income taxes tend to tilt the expenditure composition in favour of public investment. In contrast, increases in the volatility of ad hoc taxes such as capital taxes tend to favour public consumption spending, albeit only a little.
Czech name
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Czech description
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Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AH - Economics
OECD FORD branch
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Project
<a href="/en/project/LC542" target="_blank" >LC542: Center of Advanced Political Economy Research</a><br>
Continuities
Z - Vyzkumny zamer (s odkazem do CEZ)

Publication year
2011
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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