Fiscal Behaviour in the European Union: Rules, Fiscal Decentralization and Government Indebtedness

descriptionPublicationkeyboard_double_arrow_right Article , Research , Preprint 01 Jan 2009 Portugal English Publisher:Elsevier BVJournal:SSRN Electronic Journal (eissn: 1556-5068,

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Authors: Afonso, António; Hauptmeier, Sebastian;

doi: 10.2139/ssrn.1399284

handle: 10400.5/2158 , 10400.5/1865 , 10419/153488

Fiscal Behaviour in the European Union: Rules, Fiscal Decentralization and Government Indebtedness

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Abstract

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.

Country

Portugal

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Keywords

European Union, fiscal decentralization, fiscal regimes, fiscal rules, Panel data, fiscal decentralization, ddc:330, Haushaltsdefizit, Finanzpolitik, fiscal regimes, Fiscal Regimes, Panel Data, Fiscal Rules, panel data, Fiscal Decentralization, Öffentlicher Haushalt, Politischer Konjunkturzyklus, Panel, EU-Staaten, fiscal rules, European Union, E62, C23, H62, Dezentralisierung, panel Data

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