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Fiscal policy sustainability, economic cycle and financial crises : the case of the GIPS

Legrenzi, Gabriella Deborah; Milas, Costas - 2012

threshold behaviour for the GIPS, that only correct "large" unbalances, which, in the case of Greece and Portugal, are higher …

Persistent link: https://www.econbiz.de/10009683459

Taxation of pensions in Portugal : is there a rationale for a semi-dual income tax system?

Bravo, Jorge Miguel Ventura - 2016

The semi-dual income tax typically combines a progressive tax schedule for labour and pension income with low and often flat and differentiated nominal tax rates on some forms of capital income. This paper discusses the rationale for the adoption of semi-dual income tax in the taxation of...

Persistent link: https://www.econbiz.de/10011499817

On defaults, framing, and local tax policy : quasit-experimental evidence from Portugal

Bruns, Christian; Lopes da Fonseca, Mariana - 2023

We find that policy decisions made by elected politicians in Portuguese municipalities violate the predictions of standard microeconomic theory. Municipalities can choose a withholding rate between zero and five percent of the income tax revenue collected within their boundaries by the national...

Persistent link: https://www.econbiz.de/10014320132

Drivers of fiscal sustainability : a time-varying analysis for Portugal

Afonso, António; Coelho, José Carlos - 2023

We assess the drivers of fiscal sustainability in Portugal during the period 1999Q4-2021Q4. We resort to expanding … the debt-to-GDP ratio. Our results show the prevalence of a Ricardian fiscal regime in Portugal. If the (i-g) differential … financial assistance program to Portugal, between 2011Q2 and 2014Q2. …

Persistent link: https://www.econbiz.de/10014391313