Fiscal behaviour in the European Union : rules, fiscal decentralization and government indebtedness

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 impin...

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Bibliographic Details
Main Author: Afonso, António (author)
Other Authors: Hauptmeier, Sebastian (author)
Format: workingPaper
Language:eng
Published: 2010
Subjects:
Online Access:http://hdl.handle.net/10400.5/1865
Country:Portugal
Oai:oai:www.repository.utl.pt:10400.5/1865