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Authors
Advisor(s)
Abstract(s)
After entering the EU in 1986, Portugal benefited from low interest rates and some growth momentum. However, the difficulty in taming fiscal imbalances, the procyclality of
fiscal policy, the use of extraordinary fiscal measures, coupled with the 2008-2009
economic and financial crisis led to a fiscal débacle and to an international financial rescue in 2011. We briefly review here those developments.
Description
Keywords
Portugal Public Finances Fiscal Imbalances
Pedagogical Context
Citation
Afonso, António. 2013. "Anatomy of a fiscal débacle : the case of Portugal". Instituto Superior de Economia e Gestão - DE Working papers. nº 1 - 2013/DE/UECE.
Publisher
ISEG - Departamento de Economia