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Please use this identifier to cite or link to this item: http://hdl.handle.net/10400.5/2158

Title: Fiscal behaviour in the European Union : rules, fiscal decentralization and government indebtedness
Authors: Afonso, António
Hauptmeier, Sebastian
Keywords: fiscal regimes
fiscal rules
fiscal decentralization
European Union
panel Data
Issue Date: May-2009
Publisher: European Central Bank
Citation: Afonso, António e Sebastian Hauptmeier. 2009. "Fiscal behaviour in the European Union : rules, fiscal decentralization and government indebtedness". European Central Bank working paper series nº 1054-2009
Series/Report no.: European Central Bank working paper series;nº 1054-2009
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.
URI: http://hdl.handle.net/10400.5/2158
ISSN: 1725-2806
Publisher version: http://www.ecb.int/pub/pdf/scpwps/ecbwp1054.pdf
Appears in Collections:DE - Documentos de trabalho / Working Papers

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