Actually we are working on the relationship between Fiscal Policy and Private Consumption. Good references needed!
Hi Ermira: Have started with Turnovsky paper on budget, and go with references?
file://data.adir.hull.ac.uk/home4/481/481273/Desktop/Turnovsky.pdf
Maybe have a look at this contribution (and related references):
Fatás, A., & Mihov, I. (2001). The Effects of Fiscal Policy on Consumption and Employment: Theory and Evidence (No. 2760). CEPR Discussion Papers.
More recently:
Afonso, A., & Sousa, R. M. (2012). The macroeconomic effects of fiscal policy. Applied Economics, 44(34), 4439-4454.
Tagkalakis, A. (2008). The effects of fiscal policy on consumption in recessions and expansions. Journal of Public economics, 92(5), 1486-1508.
Hi Ermira,
Mi book entitled The Consumption Expenditure Function, available both at Amazon & Amazon Kindle, includes Fiscal Policy variables as input in the model of the United States economy under analysis.
The model gives a pretty good adjustment for the effect any shift in the Fiscal Policy may have on private consumption expenditure.
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