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The dynamic behaviour of budget components and output – the cases of France, Germany, Portugal, and Spain

Afonso, António; Claeys, Peter - ISEG - School of Economics and Management, Department … - 2006

The main focus of this paper is the relation between the cyclical components of total revenues and expenditures and the budget balance in France, Germany, Portugal, and Spain. We try to uncover past trends behind the development of public finances that contribute to explaining the current stance...

Persistent link: https://www.econbiz.de/10005463751

Grandparents and women's participation in the labor market

Albuquerque, Paula; Passos, José - ISEG - School of Economics and Management, Department … - 2010

The conciliation of work and family life is a challenge to most women. In some countries, although not in southern Europe, women make significant use of part-time schedules as a way of balancing work and family life. Informal care, typically care by grandparents, is an alternative. It is cheap,...

Persistent link: https://www.econbiz.de/10008680611

Economic Impacts of Ageing: An Interindustry Approach

Albuquerque, Paula C.; Lopes, João C. - ISEG - School of Economics and Management, Department … - 2010

ageing on the relative importance of industries in Portugal. Design/Methodology/Approach - This paper uses data from the … identifies the industries that are likely to be stimulated by the ageing of the Portuguese populations, as well as the industries … declining industries due to ageing is important to help the design of employment, environmental, and social policies. Original …

Persistent link: https://www.econbiz.de/10008493961

Political and Institutional Determinants of the Cyclicality of Fiscal Policy: Evidence from the OECD and Latin America

Venes, Nuno - ISEG - School of Economics and Management, Department … - 2006

In this paper, we analyse the role of political and institutional variables on the cyclical patterns of central government expenditure and revenue. Working with a sample of 38 OECD and Latin-American countries in 1960-2003, we find that higher levels of income inequality are associated with...

Persistent link: https://www.econbiz.de/10005761295

Intergovernmental grant rules, the "golden rule" of public finance and local expenditures

Trigo, Paulo; Silva, João Andrade e - ISEG - School of Economics and Management, Department … - 2008

The Stability and Growth Pact and the process of fiscal consolidation in several European countries have enhanced the role of fiscal rules at sub-national level. This paper analyzes the combined effect of a rule to allocate capital and current block grants to local governments and the “golden...

Persistent link: https://www.econbiz.de/10005463742

Fiscal Targets, Automatic Stabilisers and their Effects on Output

Barrell, Ray; Hurst, Ian; Pina, Álvaro - ISEG - School of Economics and Management, Department … - 2002

In this paper we review the European macroeconomic policy framework, and address the issue of setting safe deficit targets - targets that make it very unlikely that a country exceeds the 3 per cent ceiling of the Stability and Growth Pact. In this context, the scope for an increase in public...

Persistent link: https://www.econbiz.de/10005463743

The macro impact of the Portuguese Constitutional Court decisions regarding the budgetary proposals of the Portuguese Budget Law (2012, 2013, 2014)

Afonso, António; Caiado, Jorge; Aubyn, Miguel St. - ISEG - School of Economics and Management, Department … - 2015

We review the main budgetary measures not accepted by the Portuguese Constitutional Court in the Budget Laws of 2012, 2013 and 2014. Considering the feedback effect of the fiscal impulse, the impact on the budget balance is -0.42% and of -0.34% of GDP respectively for 2013 and for 2014; in both...

Persistent link: https://www.econbiz.de/10011200172

Fiscal Sustainability: A Panel Assessment for Advanced Economies

Afonso, António; Jalles, João Tovar - ISEG - School of Economics and Management, Department … - 2015

We assess the sustainability of public finances in OECD countries using panel unit root and cointegration analyses. Results show: no cointegration (no sustainability) between revenues and expenditures; improvement of the primary balances after worsening debt ratios; causality from government...

Persistent link: https://www.econbiz.de/10011200174

Long-term Government Bond Yields and Economic Forecasts: Evidence for the EU

Afonso, António - ISEG - School of Economics and Management, Department … - 2009

I use a panel of semi-annual vintages of growth and fiscal forecasts of the European Commission, covering the period 1998:II-2008:II, to assess its effects on 10-year government yields for 14 EU countries. Results show that yields increase with better growth forecasts, and with decreases in...

Persistent link: https://www.econbiz.de/10008625781

Fiscal Regime Shifts in Portugal

Afonso, António; Claeys, Peter; Sousa, Ricardo M. - ISEG - School of Economics and Management, Department … - 2009

. The EU fiscal rules prompted temporary consolidation, but did not permanently change the budgeting process. Key words …

Persistent link: https://www.econbiz.de/10008625784