dc.contributor.author | Geiger, Martin | en |
dc.contributor.author | Zachariadis, Marios | en |
dc.creator | Geiger, Martin | en |
dc.creator | Zachariadis, Marios | en |
dc.date.accessioned | 2023-10-04T06:22:31Z | |
dc.date.available | 2023-10-04T06:22:31Z | |
dc.date.issued | 2022-12 | |
dc.identifier.uri | http://gnosis.library.ucy.ac.cy/handle/7/65729 | |
dc.description.abstract | We assess the impact of fiscal and monetary policy shocks on US survey-based consumer expectations within states of low and high public debt. Following an unexpected increase
in government spending, consumption intentions rise in the low-debt state and fall in the high-debt state. Overall, such a shock has adverse effects on expectations in high-debt
states. Similarly, contractionary monetary policy shocks induce pessimistic expectations in the high-debt state but not in the low-debt state. The estimated responses suggest that
higher public debt fuels considerations regarding its repayment, giving rise to state dependencies in the updating of expectations in response to both fiscal and monetary policy shocks. | en |
dc.language.iso | eng | en |
dc.publisher | Cambridge University Press | en |
dc.source | Macroeconomic Dynamics | en |
dc.source.uri | https://www.cambridge.org/core/services/aop-cambridge-core/content/view/A4431721B46CCB269ACDCF2AB602EB1C/S1365100521000249a.pdf/consumers-updating-policy-shocks-and-public-debt-an-empirical-assessment-of-state-dependencies.pdf | en |
dc.subject | Expectations | en |
dc.subject | Rational Inattention | en |
dc.subject | Ricardian | en |
dc.subject | Fiscal Theory of the Price Level | en |
dc.title | Consumers’ updating and policy shocks: An empirical assessment of state dependencies | en |
dc.type | info:eu-repo/semantics/article | en |
dc.identifier.doi | 10.1017/S1365100521000249 | en |
dc.description.volume | 26 | |
dc.description.issue | 8 | |
dc.description.startingpage | 2104 | |
dc.description.endingpage | 2140 | |
dc.author.faculty | Σχολή Οικονομικών Επιστημών και Διοίκησης / Faculty of Economics and Management | |
dc.author.department | Τμήμα Οικονομικών / Department of Economics | |
dc.type.uhtype | Article | en |
dc.contributor.orcid | Zachariadis, Marios [0000-0002-2308-1881] | |
dc.type.subtype | SCIENTIFIC_JOURNAL | en |
dc.gnosis.orcid | 0000-0002-2308-1881 | |