Utilize este identificador para referenciar este registo: http://hdl.handle.net/10400.5/2130
Título: Ricardian fiscal regimes in the European Union
Autor: Afonso, António
Palavras-chave: fiscal regimes
European Union
panel data models
Data: Nov-2005
Editora: European Central Bank
Citação: Afonso, António. 2005. "Ricardian fiscal regimes in the European Union". European Central Bank working paper series nº 558-2005
Relatório da Série N.º: European Central Bank working paper series;nº 558-2005
Resumo: The prevalence of either Ricardian or non-Ricardian fiscal regimes is important both for practical policy reasons and to assess fiscal sustainability, and this is of particular relevance for European Union countries. The purpose of this paper is to assess, with a panel data set, the empirical evidence concerning the existence of Ricardian fiscal regimes in EU-15 countries. The results give support to the Ricardian fiscal regime hypothesis throughout the sample period, and for sub-samples accounting for the dates of the Maastricht Treaty and for the setting-up of the Stability and Growth Pact. Additionally, electoral budget cycles also seem to play a role in fiscal behaviour.
URI: http://hdl.handle.net/10400.5/2130
ISSN: 1725-2806
Versão do Editor: http://www.ecb.int/pub/pdf/scpwps/ecbwp558.pdf
Aparece nas colecções:DE - Documentos de trabalho / Working Papers

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