How Much Binding is the Bill?

29 Pages Posted: 28 Aug 2018

See all articles by Gianluca Cafiso

Gianluca Cafiso

University of Catania - Department of Economics and Business

Roberto Cellini

University of Catania - Department of Economics and Business

Date Written: July 16, 2018

Abstract

We study whether and how much the interest bill conditions the size and composition of public expenditures. The group of EU 15 countries over the 1995-2016 period is the object of analysis. We study both total public expenditures and public expenditures by function of government in order to unveil which sectors are more responsive to an interest bill variation.

Keywords: interest bill, public expenditures, public debt

JEL Classification: H610, H620, H630, E620, E630

Suggested Citation

Cafiso, Gianluca and Cellini, Roberto, How Much Binding is the Bill? (July 16, 2018). CESifo Working Paper Series No. 7147, Available at SSRN: https://ssrn.com/abstract=3237988

Gianluca Cafiso (Contact Author)

University of Catania - Department of Economics and Business ( email )

Corso Italia 55
Catania, 95129
Italy
+39 095 7537 745 (Phone)

HOME PAGE: http://sites.google.com/site/giancafiso/

Roberto Cellini

University of Catania - Department of Economics and Business ( email )

Corso Italia 55
95129 Catania, 95129
Italy
+390957537728 (Phone)
+390957537710 (Fax)

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