Ricardians in the European Union: The Role of Fiscal Rules

Matej Boor ()
Additional contact information
Matej Boor: University of Economics in Bratislava, Faculty of National Economy, Slovak republic

Czech Journal of Economics and Finance (Finance a uver), 2021, vol. 71, issue 3, 245-266

Abstract: The presented paper deals with the concept of Ricardian equivalence in the European Union. The debt crisis has drawn the attention of professionals and the general public to the sustainability of public finance. The growing government debts of countries also affect the consumer behavior of households. The main objective of the paper is to determine the role of government debt and compliance with fiscal rules on household consumer behavior in the European Union and the Eurozone. The results of the empirical study confirmed the validity of the Ricardian equivalence in the European union during the time period 1995-2020, where the year-on-year change in the amount of government debt and the distance from compliance with fiscal rules dampens the growth of household expenditures.

Keywords: Ricardian equivalence; fiscal rules; government debt; household expenditure (search for similar items in EconPapers)
JEL-codes: E62 H31 H63 (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations:

Downloads: (external link)
https://journal.fsv.cuni.cz/mag/article/show/id/1489 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fau:fauart:v:71:y:2021:i:3:p:245-266

Access Statistics for this article

More articles in Czech Journal of Economics and Finance (Finance a uver) from Charles University Prague, Faculty of Social Sciences Contact information at EDIRC.
Bibliographic data for series maintained by Natalie Svarcova ().