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- W2388105476 abstract "There exist three types of perspective to explain the relation between fiscal policy and consumer behavior,namely,Keynes theory, life cycle hypothesis and Ricardian equivalence proposition.But in China,due to the current economic transition environment,different consumer groups have idiosyncratic responses to fiscal policy.The paper builds up an extended model of LCH and provides a sound theoretical explanation of the idiosyncratic response.It makes related tests by classifying urban population in China into five income groups and shows that the responses of citizen groups from high income to low income is featured by REP,extended LCH and Keynes theory respectively.It means that the design of fiscal policy has discriminatory effects on different income group.The paper puts forward some suggestion about optimizing the expenditure structure of governmental purchases and adjusting taxation system to stimulate the growth of domestic private consumption." @default.
- W2388105476 created "2016-06-24" @default.
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- W2388105476 date "2009-01-01" @default.
- W2388105476 modified "2023-09-23" @default.
- W2388105476 title "Idiosyncratic Response of Consumer Behavior to Fiscal Policy:A Study Based on Income Groups of Urban Population" @default.
- W2388105476 hasPublicationYear "2009" @default.
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