Most opportunistic-type models of political business cycles tend to posit a given objective for incumbents: maximisation of re-election chances. Though taking an opportunistic view too, we suggest a new explanation for a fiscal policy cycle: the incumbent's concern with her own welfare in cases...

Fiscal decentralisation is a hot issue worldwide. Within the European Union, there are even opposing tendencies with respect to the assignment of responsibilities between government tiers. This is a textbook paper aiming to provide a pedagogic introduction to the economics of government...

O desafio colocado pelos organizadores não podia deixar de ser respondido afirmativamente, tanto por causa do autor da apresentação como pela relevância social e a oportunidade do tema. Com Orlando Caliço apreendi, na fase inicial da minha carreira, a utilidade de pôr as mãos na...

Baleiras and Santos (2000) show that "stop-and-go" policies may be inherent in the institutional set-up rather than result from the wrong timing of expansionary vs. contractionary policies or any form of players' irrationality. We use this set-up, involving ultrarational players and perfect...

Most opportunistic-type models of political business cycles tend to posit a given objective for incumbents: maximisation of re-election chances. Though taking an opportunistic view too, we suggest a new explanation for a fiscal policy cycle: the incumbent’s concern with her own welfare in...

This paper motivates the focus of EU cohesion policy at large and the territorial cooperation tools on the economic development of territories featuring impoverishing growth associated to low population density. An innovative policy approach to help solving this problem in many Member States is...

This is an article on policy instrument design wholly embodied in the state of the art endogenous regional development theory. The family of Collective Efficiency Strategies (CES) was originally con-ceived in Portugal during the 2005/2009 legislative term and is very much replicable in other...