Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/153488
Authors: 
Afonso, António
Hauptmeier, Sebastian
Year of Publication: 
2009
Series/Report no.: 
ECB Working Paper 1054
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.
Subjects: 
European Union
fiscal decentralization
fiscal regimes
fiscal rules
panel data
JEL: 
C23
E62
H62
Document Type: 
Working Paper

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