Government spending, taxation of interest, and private saving: An empirical analysis using Greek aggregate data (Journal article)

Hatzinikolaou, D.


Following Campbell and Mankiw (1989), I derive an approximate consumption function by log-linearizing the budget constraint and the first-order condition for intertemporal utility maximization of a representative consumer. Using annual aggregate data from Greece, 1960-1990, I find some evidence that an increase in government spending that is viewed as temporary and an increase in taxation of interest that is viewed as permanent may have considerable negative effects on current private saving. (C) 1997 Elsevier Science B.V.
Institution and School/Department of submitter: Πανεπιστήμιο Ιωαννίνων. Σχολή Οικονομικών και Κοινωνικών Επιστημών. Τμήμα Οικονομικών Επιστημών
Keywords: ricardian equivalence,approximate consumption function,elasticities of private saving,greece,intertemporal substitution,moments estimators,generalized-method,consumption,hypothesis
URI: http://olympias.lib.uoi.gr/jspui/handle/123456789/11192
ISSN: 0304-3878
Link: <Go to ISI>://A1997XB73500004
http://ac.els-cdn.com/S030438789600449X/1-s2.0-S030438789600449X-main.pdf?_tid=2107ad800cf1c49feee50b543f74d5cf&acdnat=1333104829_f4895ae7c5bf7ae1ca71c15009884d07
Publisher: Elsevier
Appears in Collections:Άρθρα σε επιστημονικά περιοδικά ( Ανοικτά)

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