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

Cândida Ferreira
Authors registered in the RePEc Author Service: Antonio Afonso

No 2009/23, Working Papers Department of Economics from ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa

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. Key words: fiscal regimes, fiscal rules, fiscal decentralization, European Union, panel data

JEL-codes: C23 E62 H62 (search for similar items in EconPapers)
Date: 2009-03
New Economics Papers: this item is included in nep-cba, nep-eec, nep-mac and nep-pbe
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (65)

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Working Paper: Fiscal behaviour in the European Union: rules, fiscal decentralization and government indebtedness (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:ise:isegwp:wp232009

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