Buti, Marco; Nogueira Martins, João; Turrini, Alessandro - In: CESifo economic studies : CESifo, a joint initiative of … 53 (2007) 1, pp. 115-152
Under numerical fiscal rules, such as those underpinning EMU, governments have strong temptations to use accounting … tricks to meet the fiscal constraints. Given these political incentives, fiscal variables that in the past were regarded as a … constrained optimisation by fiscal authorities. Econometric evidence provides results consistent with the model findings. The SFA …