The New Classical theorem asserts that (a) the individuals with rational expectations do not change their consumption … consumption decisions of the individuals, at least in the long term. This paper analyzes if demand sided fiscal policies are … paper follows impulse-response (IR) functions through VAR models in which consumption, GDP, tax and debt series are employed …

macroeconomy via consumption decisions. However, it has beeen argued by many studies on fiscal dominance that there are exceptions … and macroeconomic variables like inflation through consumption decisions. Using threshold vector aurotregression (TVAR …) methodology, this study analyzes the possible non linear fiscal impact of government debt on consumption / saving decisions of …

Consumption expenditure is an important component of aggregate demand. Recent theoretical and empirical studies search … for possible Keynesian / Non Keynesian fiscal impacts on household consumption decisions. Besides providing insight to … determinants of consumption decisions, these studies also provide guide to policy solutions to high and risky current account …

consumption for the period of 1987:1-1999:4. Beside private consumption, for VAR method, the Turkish GDP data is employed for the …