In this paper, we apply some of the instruments of the regional economic analysis to the NUT III of the North Region in order to make a reflection about the dynamics of the productive structure of those territories in the period 1986-1998, using, fundamentally, the analysis of localization,...

We use a new approach to assess long-term fiscal developments. By analyzing the time-varying behaviour of the two components of government spending and revenue - responsiveness and persistence - we are able to infer about the sources of fiscal behaviour. Drawing on quarterly data we estimate...

In the last twenty years Portugal struggled to keep public finances under control, notably in containing primary spending. We use a new quarterly dataset covering 1979:1-2007:4, and estimate a Bayesian Structural Autoregression model to analyze the macroeconomic effects of fiscal policy. The...