Publicação

Assessing long-term fiscal development : evidence from Portugal

Detalhes bibliográficos
Resumo:	Drawing on quarterly data for Portugal, we use a Three-Stage Least Square method and a system of equations to recursively estimate two components of fiscal policy -responsiveness and persistence - and to infer about the sources of fiscal deterioration (improvement). The results suggest that: (i) government spending exhibits higher persistence than government revenue; and (ii) government revenue is more responsive to the business cycle than government spending.
Autores principais:	Afonso, António
Outros Autores:	Sousa, Ricardo M.
Assunto:	Fiscal Deterioration Portugal
Ano:	2009
País:	Portugal
Tipo de documento:	working paper
Tipo de acesso:	acesso aberto
Instituição associada:	Universidade de Lisboa
Idioma:	inglês
Origem:	Repositório da Universidade de Lisboa

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