Utilize este identificador para referenciar este registo: http://hdl.handle.net/10400.5/2642
Título: Political and Institutional Determinants of the Cyclicality of Fiscal Policy: Evidence from the OECD and Latin America
Autor: Venes, Nuno
Palavras-chave: Fiscal policy
cyclicality
political and institutional determinants
OECD
Latin America
Data: 2006
Editora: ISEG – Departamento de Economia
Citação: Venes, Nuno. 2006. "Political and Institutional Determinants of the Cyclicality of Fiscal Policy: Evidence from the OECD and Latin America". Instituto Superior de Economia e Gestão - DE Working papers nº 19-2006/DE
Relatório da Série N.º: DE Working papers;nº 19-2006/DE
Resumo: In this paper, we analyse the role of political and institutional variables on the cyclical patterns of central government expenditure and revenue. Working with a sample of 38 OECD and Latin-American countries in 1960-2003, we find that higher levels of income inequality are associated with stronger expenditure procyclicality, and that better institutions do not seem to mitigate this effect. IMF interventions are, in general, statistically insignificant in explaining the cyclical behaviour of expenditure, as well as the degree of development of financial systems. On the revenue side, income inequality leads to less procyclical policies. In general, political and institutional variables explain the cyclicality of government expenditure better than that of revenue.
URI: http://hdl.handle.net/10400.5/2642
ISSN: 0874-4548
Versão do Editor: https://aquila1.iseg.utl.pt/aquila/getFile.do?method=getFile&fileId=26455
Aparece nas colecções:DE - Documentos de trabalho / Working Papers

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