Publicação
Fiscal regimes in the EU
| Resumo: | We assess the existence of fiscal regime shifts in the U.K., Germany, and Italy, using Markov switching fiscal rules. On the basis of a newly built quarterly data set, our results show the existence of fiscal regimes shifts, sometimes coupled with regime switches also regarding monetary developments. While in the UK “active” and “passive” (Leeper, 1991) fiscal regimes are somewhat clearer cut, in Germany fiscal regimes have been overall less active, supporting more fiscal sustainability. For Italy, a more passive fiscal behaviour is uncovered in the run-up to EMU. |
|---|---|
| Autores principais: | Afonso, Afonso |
| Outros Autores: | Toffano, Priscilla |
| Assunto: | Fiscal regimes Markov-Switching European Union |
| Ano: | 2013 |
| 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 |
| _version_ | 1866810443480170496 |
|---|---|
| author | Afonso, Afonso |
| author2 | Toffano, Priscilla |
| author2_role | author |
| author_facet | Afonso, Afonso Toffano, Priscilla |
| author_role | author |
| contributor_name_str_mv | Repositório Científico de Acesso Aberto da ULisboa |
| country_str | PT |
| creators_json_txt | [{\"Person.name\":\"Afonso, Afonso\"},{\"Person.name\":\"Toffano, Priscilla\"}] |
| datacite.contributors.contributor.contributorName.fl_str_mv | Repositório Científico de Acesso Aberto da ULisboa |
| datacite.creators.creator.creatorName.fl_str_mv | Afonso, Afonso Toffano, Priscilla |
| datacite.date.Accepted.fl_str_mv | 2013-01-01T00:00:00Z |
| datacite.date.available.fl_str_mv | 2022-01-21T15:03:19Z |
| datacite.date.embargoed.fl_str_mv | 2022-01-21T15:03:19Z |
| datacite.rights.fl_str_mv | http://purl.org/coar/access_right/c_abf2 |
| datacite.subjects.subject.fl_str_mv | Fiscal regimes Markov-Switching European Union |
| datacite.titles.title.fl_str_mv | Fiscal regimes in the EU |
| dc.contributor.none.fl_str_mv | Repositório Científico de Acesso Aberto da ULisboa |
| dc.creator.none.fl_str_mv | Afonso, Afonso Toffano, Priscilla |
| dc.date.Accepted.fl_str_mv | 2013-01-01T00:00:00Z |
| dc.date.available.fl_str_mv | 2022-01-21T15:03:19Z |
| dc.date.embargoed.fl_str_mv | 2022-01-21T15:03:19Z |
| dc.format.none.fl_str_mv | application/pdf |
| dc.identifier.none.fl_str_mv | http://hdl.handle.net/10400.5/23187 |
| dc.language.none.fl_str_mv | eng |
| dc.publisher.none.fl_str_mv | ISEG - Departamento de Economia |
| dc.rights.none.fl_str_mv | http://purl.org/coar/access_right/c_abf2 |
| dc.subject.none.fl_str_mv | Fiscal regimes Markov-Switching European Union |
| dc.title.fl_str_mv | Fiscal regimes in the EU |
| dc.type.none.fl_str_mv | http://purl.org/coar/resource_type/c_8042 |
| description | We assess the existence of fiscal regime shifts in the U.K., Germany, and Italy, using Markov switching fiscal rules. On the basis of a newly built quarterly data set, our results show the existence of fiscal regimes shifts, sometimes coupled with regime switches also regarding monetary developments. While in the UK “active” and “passive” (Leeper, 1991) fiscal regimes are somewhat clearer cut, in Germany fiscal regimes have been overall less active, supporting more fiscal sustainability. For Italy, a more passive fiscal behaviour is uncovered in the run-up to EMU. |
| dirty | 0 |
| eu_rights_str_mv | openAccess |
| format | workingPaper |
| fulltext.url.fl_str_mv | https://repositorio.ulisboa.pt/bitstreams/bbea172e-f954-486c-bbcb-f2f7de786613/download |
| id | ul_3f3199819140a13fb153c6a2c19cabf3 |
| identifier.url.fl_str_mv | http://hdl.handle.net/10400.5/23187 |
| instacron_str | ul |
| institution | Universidade de Lisboa |
| instname_str | Universidade de Lisboa |
| language | eng |
| network_acronym_str | ul |
| network_name_str | Repositório da Universidade de Lisboa |
| oai_identifier_str | oai:repositorio.ulisboa.pt:10400.5/23187 |
| organization_str_mv | urn:organizationAcronym:ul |
| person_str_mv | Afonso, Afonso Toffano, Priscilla |
| publishDate | 2013 |
| publisher.none.fl_str_mv | ISEG - Departamento de Economia |
| reponame_str | Repositório da Universidade de Lisboa |
| repository_id_str | urn:repositoryAcronym:ul |
| service_str_mv | urn:repositoryAcronym:ul |
| spelling | engISEG - Departamento de Economiapt_PTWe assess the existence of fiscal regime shifts in the U.K., Germany, and Italy, using Markov switching fiscal rules. On the basis of a newly built quarterly data set, our results show the existence of fiscal regimes shifts, sometimes coupled with regime switches also regarding monetary developments. While in the UK “active” and “passive” (Leeper, 1991) fiscal regimes are somewhat clearer cut, in Germany fiscal regimes have been overall less active, supporting more fiscal sustainability. For Italy, a more passive fiscal behaviour is uncovered in the run-up to EMU.application/pdfpt_PTFiscal regimes in the EUAfonso, AfonsoToffano, PriscillaHostingInstitutionOrganizationalRepositório Científico de Acesso Aberto da ULisboae-mailmailto:repositorio@reitoria.ulisboa.ptrepositorio@reitoria.ulisboa.ptISSNIsPartOf0874-45482022-01-21T15:03:19Z20132013-01-01T00:00:00ZHandlehttp://hdl.handle.net/10400.5/23187http://purl.org/coar/access_right/c_abf2open accessFiscal regimesMarkov-SwitchingEuropean Union1429568 bytesother research producthttp://purl.org/coar/resource_type/c_8042working paperhttp://purl.org/coar/access_right/c_abf2application/pdffulltexthttps://repositorio.ulisboa.pt/bitstreams/bbea172e-f954-486c-bbcb-f2f7de786613/download |
| spellingShingle | Fiscal regimes in the EU Afonso, Afonso Fiscal regimes Markov-Switching European Union |
| status | SINGLETON |
| subject.fl_str_mv | Fiscal regimes Markov-Switching European Union |
| title | Fiscal regimes in the EU |
| title_full | Fiscal regimes in the EU |
| title_fullStr | Fiscal regimes in the EU |
| title_full_unstemmed | Fiscal regimes in the EU |
| title_short | Fiscal regimes in the EU |
| title_sort | Fiscal regimes in the EU |
| topic | Fiscal regimes Markov-Switching European Union |
| topic_facet | Fiscal regimes Markov-Switching European Union |
| url | http://hdl.handle.net/10400.5/23187 |
| visible | 1 |