Consumption patterns of indebted households: unravelling the relevance of fiscal policy
Publication type: Journal Article
Publication date: 2024-10-14
scimago Q3
wos Q3
SJR: 0.243
CiteScore: 1.6
Impact factor: 0.8
ISSN: 25244892, 18814387
Abstract
We have investigated the influence of fiscal instruments, notably taxes 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 Generalised Method of Moments (GMM) approach for 24 and 32 advanced and emerging countries from 1995 to 2020. Our findings show that fiscal impulses increase private consumption. However, when households are highly indebted, the effects are different, and the increase in public spending or the reduced taxes discourages household consumption compared to the baseline (lower debt) group. These results suggest a precautionary effect.
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GOST
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Afonso A. et al. Consumption patterns of indebted households: unravelling the relevance of fiscal policy // International Journal of Economic Policy Studies. 2024. Vol. 19. No. 1. pp. 31-57.
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Afonso A., De Sá Fortes Leitão Rodrigues E. Consumption patterns of indebted households: unravelling the relevance of fiscal policy // International Journal of Economic Policy Studies. 2024. Vol. 19. No. 1. pp. 31-57.
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TY - JOUR
DO - 10.1007/s42495-024-00141-3
UR - https://link.springer.com/10.1007/s42495-024-00141-3
TI - Consumption patterns of indebted households: unravelling the relevance of fiscal policy
T2 - International Journal of Economic Policy Studies
AU - Afonso, António
AU - De Sá Fortes Leitão Rodrigues, Eduardo
PY - 2024
DA - 2024/10/14
PB - Springer Nature
SP - 31-57
IS - 1
VL - 19
SN - 2524-4892
SN - 1881-4387
ER -
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BibTex (up to 50 authors)
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@article{2024_Afonso,
author = {António Afonso and Eduardo De Sá Fortes Leitão Rodrigues},
title = {Consumption patterns of indebted households: unravelling the relevance of fiscal policy},
journal = {International Journal of Economic Policy Studies},
year = {2024},
volume = {19},
publisher = {Springer Nature},
month = {oct},
url = {https://link.springer.com/10.1007/s42495-024-00141-3},
number = {1},
pages = {31--57},
doi = {10.1007/s42495-024-00141-3}
}
Cite this
MLA
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Afonso, António, et al. “Consumption patterns of indebted households: unravelling the relevance of fiscal policy.” International Journal of Economic Policy Studies, vol. 19, no. 1, Oct. 2024, pp. 31-57. https://link.springer.com/10.1007/s42495-024-00141-3.