Utilize este identificador para referenciar este registo:
https://hdl.handle.net/1822/26894
Título: | Is fiscal fatigue a threat to consolidation programmes? |
Autor(es): | Agnello, Luca Castro, Vítor Sousa, Ricardo M. |
Palavras-chave: | Fiscal consolidation Duration analysis Weibull model Duration dependence Change-points |
Data: | 2015 |
Editora: | SAGE Publications Ltd |
Revista: | Environment & Planning C: Government & Policy |
Citação: | Agnello, L., Castro, V., & Sousa, R. M. (2015). Is fiscal fatigue a threat to consolidation programmes? Environment and Planning C: Government and Policy, 33(4), 765-779. doi: 10.1177/0263774x15597391 |
Resumo(s): | Building on a narrative approach to identify episodes of fiscal consolidation, data for a group of 17 industrial countries over the period 1978-2009 and continuous-time duration models, we find evidence suggesting that the likelihood of a fiscal consolidation ending increases over time, but only for programs that last less than six years. Additionally, fiscal consolidations tend to last longer in non-European than in European countries. Our results emphasize that chronic fiscal imbalances might lead to a vicious austerity cycle, while discipline in the behaviour of fiscal authorities is a means of achieving credible and shorter adjustment measures. Therefore, fiscal fatigue is likely to compromise the implementation and successfulness of fiscal consolidation programmes. |
Tipo: | Artigo |
URI: | https://hdl.handle.net/1822/26894 |
DOI: | 10.1177/0263774x15597391 |
ISSN: | 0263-774X |
Arbitragem científica: | yes |
Acesso: | Acesso restrito UMinho |
Aparece nas coleções: | NIPE - Artigos em Revistas de Circulação Internacional com Arbitragem Científica |
Ficheiros deste registo:
Ficheiro | Descrição | Tamanho | Formato | |
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LA_VC_RMS_Is fiscal fatigue.pdf Acesso restrito! | Is fiscal fatigue a threat to consolidation programmes? | 4,64 MB | Adobe PDF | Ver/Abrir |