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DC Field | Value | Language |
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dc.contributor.author | Claeys, Peter | - |
dc.contributor.author | Sousa, Ricardo M. | - |
dc.contributor.author | Afonso, António | - |
dc.date.accessioned | 2015-01-20T08:53:52Z | - |
dc.date.available | 2015-01-20T08:53:52Z | - |
dc.date.issued | 2009 | - |
dc.identifier.issn | 2014-1254 | - |
dc.identifier.uri | http://hdl.handle.net/2445/61503 | - |
dc.description.abstract | 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 rules prompted temporary consolidation, but did not permanently change the budgeting process. | - |
dc.format.extent | 28 p. | - |
dc.format.mimetype | application/pdf | - |
dc.language.iso | eng | - |
dc.publisher | Universitat de Barcelona. Institut de Recerca en Economia Aplicada Regional i Pública | - |
dc.relation.isformatof | Reproducció del document publicat a: http://www.ub.edu/irea/working_papers/2009/200921.pdf | - |
dc.relation.ispartof | IREA – Working Papers, 2009, IR09/21 | - |
dc.relation.ispartofseries | [WP E-IR09/21] | - |
dc.rights | cc-by-nc-nd, (c) Claeys et al., 2009 | - |
dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/3.0/ | - |
dc.source | Documents de treball (Institut de Recerca en Economia Aplicada Regional i Pública (IREA)) | - |
dc.subject.classification | Política fiscal | - |
dc.subject.classification | Inversions | - |
dc.subject.classification | Crisis econòmiques | - |
dc.subject.classification | Portugal | - |
dc.subject.other | Fiscal policy | - |
dc.subject.other | Investments | - |
dc.subject.other | Depressions | - |
dc.subject.other | Portugal | - |
dc.title | Fiscal Regime Shifts in Portugal | - |
dc.type | info:eu-repo/semantics/workingPaper | - |
dc.date.updated | 2015-01-20T08:53:52Z | - |
dc.rights.accessRights | info:eu-repo/semantics/openAccess | - |
Appears in Collections: | Documents de treball (Institut de Recerca en Economia Aplicada Regional i Pública (IREA)) |
Files in This Item:
File | Description | Size | Format | |
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IR09-021_Claeys.pdf | 170.58 kB | Adobe PDF | View/Open |
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