Macroeconomic theory says that taxes play a repressing role in the economy. Introduction of new forms of taxation, the increase of tax rates and augmentation of tax income of the Government puts a downturn risk on consumption and therefore on economic growth. Knowing that, Governments start to...

Never has the issue of sovereign credit ratings attracted such an interest by policy and opinion makers, bankers and journalists, or even the public opinion, as witnessed in the last couple of years. In spite of being accused of contributing to the instability of financial markets, credit rating...

Many researchers have been focused for decades on the issue of public debt considering its effect on fiscal sustainability in the long run. There is a recent body of research showing that the current financial crises will lead to a considerable increase of public debt in a number of advanced...

The impact of fiscal policy on economic growth is a complex and contradictory topic in finance debates. Government influences real economy through the impact of public revenues and expenditures on the quantity and quality of production factors, labor and capital. High taxation for supporting big...

A disciplina de Gestão e demais leis e conceitos que envolve aos poucos vai chegando a diversas áreas do saber como: a Saúde/Medicina, a Educação/Escola, o Desporto/Animação ao Ar Livre, entre outros. E a área da cultura também poderá ser abrangida por aquele conceito, levando a que se...

In the setting of a dynamic general equilibrium model we ask the following question: What happens if the interest rate is settled exogenously in a level that differs from the one which emerges from equilibria in the markets? Although the subject of the imposition of the interest rate by an...

The aim of this paper is to provide a European perspective of airports’ abuse of dominant position regarding airport charges. As airports have traditionally held a monopoly position in their respective geographical market, the EU member states have regulated the airport charges paid by...

In portfolio analysis, there are a few models that can be used. Therefore, the aim of this paper is to make an overview on multi criteria decision making models, in particular, on ELECTRE methods. We discuss the different versions of ELECTRE, which exist and why they exist. So, when speaking...

O novo modelo de normalização contabilística designado por Sistema de Normalização Contabilística (SNC), aprovado pelo Decreto-Lei n. 158/2009, de 13 de Julho, com entrada em vigor a partir de 01 de Janeiro de 2010, veio trazer à comunidade técnica uma nova realidade contabilística e de...

Considering the few studies about the coupled relation between oil and gold prices and the exchange market, the purpose of this article is to explore this line of investigation. So, combining different approaches on oil and gold prices, stock indexes and exchange market (among others, Dooley,...