“We assess the fiscal behaviour in the European Union countries for the period 1990-2005 via the responsiveness of budget balances to several determinants. The results show that the existence of effective fiscal rules, the degree of public spending decentralization, and the electoral cycle can impinge on the country’s fiscal position. Furthermore, the results also support the responsiveness of primary balances to government indebtedness.”
António Afonso (Technical University of Lisbon, Department of Economics; UECE,Research Unit on Complexity and Economics, R. Miguel Lupi 20, 1249-078 Lisbon, Portugal.)
Sebastian Hauptmeier (European Central Bank, Kaiserstrasse 29, D-60311 Frankfurt am Main, Germany.)
Date: 2009-05
Keywords: fiscal regimes, fiscal rules, fiscal decentralization, European Union, panel Data.
URL: http://d.repec.org/n?u=RePEc:ecb:ecbwps:20091054&r=pbe
(resumo de “paper”, disponível no sítio referenciado)
António Afonso (Technical University of Lisbon, Department of Economics; UECE,Research Unit on Complexity and Economics, R. Miguel Lupi 20, 1249-078 Lisbon, Portugal.)
Sebastian Hauptmeier (European Central Bank, Kaiserstrasse 29, D-60311 Frankfurt am Main, Germany.)
Date: 2009-05
Keywords: fiscal regimes, fiscal rules, fiscal decentralization, European Union, panel Data.
URL: http://d.repec.org/n?u=RePEc:ecb:ecbwps:20091054&r=pbe
(resumo de “paper”, disponível no sítio referenciado)
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