Publication
Elusive counter-cyclicality and deliberate opportunism? Fiscal policy from plans to final outcomes
| dc.contributor.author | Pina, Álvaro M. | |
| dc.date.accessioned | 2022-03-11T15:20:40Z | |
| dc.date.available | 2022-03-11T15:20:40Z | |
| dc.date.issued | 2006-04 | |
| dc.description.abstract | Drawing on the European Commission’s Autumn forecasts, I estimate fiscal reaction functions with four different information sets, ranging from budget plans to final outcomes. I also analyse deviations from plans during budget implementation. In a panel of 15 EU countries from 1987 to 2006, moving from plans to final data generally weakens the counter-cyclicality of budget balances and expenditures (though not of revenues), and reinforces electoral effects. Deviations from plans play a negligible role in the former finding, as they are often acyclical; but have a major role in the latter, as they display a clear opportunistic pattern. | pt_PT |
| dc.description.version | info:eu-repo/semantics/publishedVersion | pt_PT |
| dc.identifier.citation | Pina, Álvaro M. (2009). "Elusive counter-cyclicality and deliberate opportunism? Fiscal policy from plans to final outcomes". Banco de Portugal. Estudos e Documentos de Trabalho. Working Papers nº 6 | 2006 | pt_PT |
| dc.identifier.uri | http://hdl.handle.net/10400.5/23766 | |
| dc.language.iso | eng | pt_PT |
| dc.publisher | Banco de Portugal | pt_PT |
| dc.relation.ispartofseries | Banco de Portugal. Estudos e Documentos de Trabalho. Working Papers nº 6 | 2006; | |
| dc.subject | Fiscal Policy | pt_PT |
| dc.subject | Real-Time Data | pt_PT |
| dc.subject | Revenue | pt_PT |
| dc.subject | Expenditure | pt_PT |
| dc.subject | Cyclicality | pt_PT |
| dc.subject | Elections | pt_PT |
| dc.title | Elusive counter-cyclicality and deliberate opportunism? Fiscal policy from plans to final outcomes | pt_PT |
| dc.type | working paper | |
| dspace.entity.type | Publication | |
| rcaap.rights | openAccess | pt_PT |
| rcaap.type | workingPaper | pt_PT |