Part of the series :
Changes in the fiscal stance and the composition of public spending
We consider the impact of both cyclical and structural changes in the fiscal stance on public spending composition for a panel of EU countries, including individual components of public investment. We find that both cyclically-induced and structural changes in the fiscal stance affect the composition of public spending, with fiscal tightening of both types increasing the relative share of investment and loosening favouring consumption expenditure. Of the components of public investment, infrastructure and redistribution respond to cyclical changes in the fiscal stance, while investment in hospitals and schools responds most clearly to structural changes.
Publications
- Economic and Financial Reports Volume 01/1999
- Economic and Financial Reports Volume 02/1999
- Economic and Financial Reports Volume 01/2000
- Economic and Financial Reports Volume 02/2000
- Economic and Financial Reports Volume 01/2001
- Economic and Financial Reports Volume 02/2001
- Economic and Financial Reports Volume 03/2001
- Economic and Financial Reports Volume 01/2002
- Economic and Financial Reports Volume 02/2002
- Economic and Financial Reports Volume 01/2003
- Economic and Financial Reports Volume 02/2003
- Economic and Financial Reports Volume 01/2004
- Economic and Financial Reports Volume 02/2004
- Economic and Financial Reports Volume 01/2005
- Economic and Financial Reports Volume 02/2005
- Economic and Financial Reports Volume 03/2005
- Economic and Financial Reports Volume 01/2006
- Economic and Financial Reports Volume 02/2006
- Economic and Financial Reports Volume 03/2006
- Economic and Financial Reports Volume 01/2007
- Economic and Financial Reports Volume 02/2007
- Economic and Financial Reports Volume 03/2007
- Economic and Financial Reports Volume 01/2008
- Economic and Financial Reports Volume 01/2009
- Economic and Financial Reports Volume 01/2010
All publications in this series
- The EIB COVID-19 Economic Vulnerability Index - An analysis of countries outside the European Union
- From starting to scaling
- Three foundations: A competitive, sustainable, inclusive Europe
- Feeding future generations: How finance can boost innovation in agri-food
- Feeding future generations: How finance can boost innovation in agri-food - Executive summary
- Smart Cities, Smart Investment in Central, Eastern and South-Eastern Europe
- Investing in Europe’s future: the role of education and skills
- Inequality in Europe
- Migration and the EU: Challenges, opportunities, the role of EIB
- Restoring EU competitiveness
- Unlocking lending in Europe
- ECON Note - The impact of the recession in 2008-2009 on EU regional convergence
- ECON Note - PPPs and their financing in Europe
- ECON Note n°02-2012 - EIB Priorities Studies
- ECON Note n°01-2012 - EIB Priorities Studies
- Economic and Financial Reports Volume 01/2010
- Economic and Financial Reports Volume 05/2010
- Economic and Financial Reports Volume 04/2010
- Innovation and productivity growth in the EU services sector
- Economic and Financial Reports Volume 03/2010
- Economic and Financial Reports Volume 01/2009
- Economic and Financial Reports Volume 01/2008
- Economic and Financial Reports Volume 03/2007
- Economic and Financial Reports Volume 02/2007
- Economic and Financial Reports Volume 01/2007
- Economic and Financial Reports Volume 03/2006
- Economic and Financial Reports Volume 02/2006
- Economic and Financial Reports Volume 01/2006
- Economic and Financial Reports Volume 03/2005
- Economic and Financial Reports Volume 02/2005
- Economic and Financial Reports Volume 01/2005
- Economic and Financial Reports Volume 02/2004
- Economic and Financial Reports Volume 01/2004
- Economic and Financial Reports Volume 02/2003
- Economic and Financial Reports Volume 01/2003
- Economic and Financial Reports Volume 02/2002
- Economic and Financial Reports Volume 01/2002
- Economic and Financial Reports Volume 03/2001
- Economic and Financial Reports Volume 02/2001
- Economic and Financial Reports Volume 01/2001
- Economic and Financial Reports Volume 02/2000
- Economic and Financial Reports Volume 01/2000
- Economic and Financial Reports Volume 02/1999
- Economic and Financial Reports Volume 01/1999