Utilize este identificador para referenciar este registo:
https://hdl.handle.net/1822/13897
Título: | Fiscal regime shifts in Portugal |
Autor(es): | Afonso, António Claeys, Peter Sousa, Ricardo M. |
Palavras-chave: | Fiscal regimes Markov switching Portugal |
Data: | Ago-2011 |
Editora: | Springer |
Revista: | Portuguese Economic Journal |
Resumo(s): | We estimate changes in fiscal policy regimes in Portugal with a Markov Switching regression of fiscal policy rules for the period 1978–2007, using a new dataset of fiscal quarterly series. We find evidence of a deficit bias, while repeated reversals of taxes making the budget procyclical. Economic booms have typically been used to relax tax pressure, especially during elections. One-off measures have been preferred over structural ones to contain the deficit during economic crises. The EU fiscal framework prompted temporary consolidation, but did not permanently change the budgeting process. |
Tipo: | Artigo |
URI: | https://hdl.handle.net/1822/13897 |
DOI: | 10.1007/s10258-010-0065-5 |
ISSN: | 1617-982X 1617-9838 |
Versão da editora: | www.springerlink.com |
Arbitragem científica: | yes |
Acesso: | Acesso restrito UMinho |
Aparece nas coleções: | NIPE - Artigos em Revistas de Circulação Internacional com Arbitragem Científica |
Ficheiros deste registo:
Ficheiro | Descrição | Tamanho | Formato | |
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FiscalRegime Shifts in Portugal.pdf Acesso restrito! | Fiscal regime shifts in Portugal | 650,97 kB | Adobe PDF | Ver/Abrir |