Anatomy of a Fiscal Débacle : The Case of Portugal

After entering the EU in 1986, Portugal benefited from low interest rates and some growth momentum. However, the difficulty in taming fiscal imbalances, the pro-cyclicality of fiscal policy, the use of extraordinary fiscal measures, coupled with the 2008-2009 economic and financial crisis led to a fiscal débacle and to an international financial rescue in 2011. We briefly review here those developments

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Year of publication:	2013
Authors:	Afonso, António
Publisher:	[2013]: [S.l.] : SSRN
Subject:	Portugal \| Finanzpolitik \| Fiscal policy \| Öffentliche Finanzen \| Public finance

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Extent:	1 Online-Ressource (21 p)
Series:	ISEG Economics Working Paper ; No. 01/2013/DE/UECE
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments January 1, 2013 erstellt
Other identifiers:	10.2139/ssrn.2194556 [DOI]
Classification:	E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation ; E65 - Studies of Particular Policy Episodes ; H6 - National Budget, Deficit, and Debt
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013089230