Unsustainable Fiscal Policies in the EU, A Legacy of the 1970s?

Detalhes bibliográficos
Autor(a) principal: Vieira, Carlos
Data de Publicação: 2004
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10174/8416
Resumo: The recent controversy over the excessive deficit procedure in Germany and France has reopened the discussion over the long run sustainability of fiscal policies. This paper tests the hypothesis of stainability in a group of six EU countries, with an econometric methodology allowing the consideration of often lected structural breaks in the data. It is found that, prior to EMU, only Germany followed a ustainable fiscal policy, ensuring a bounded debt-GDP ratio. The negative shock to government finances of the early 1970s appears to be still affecting the European economies.
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spelling Unsustainable Fiscal Policies in the EU, A Legacy of the 1970s?fiscal policysustainabilitycointegrationstructural breaksThe recent controversy over the excessive deficit procedure in Germany and France has reopened the discussion over the long run sustainability of fiscal policies. This paper tests the hypothesis of stainability in a group of six EU countries, with an econometric methodology allowing the consideration of often lected structural breaks in the data. It is found that, prior to EMU, only Germany followed a ustainable fiscal policy, ensuring a bounded debt-GDP ratio. The negative shock to government finances of the early 1970s appears to be still affecting the European economies.2013-04-03T11:29:15Z2013-04-032004-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlehttp://hdl.handle.net/10174/8416http://hdl.handle.net/10174/8416engVieira, C. (2004), Unsustainable Fiscal Policies in the EU, A Legacy of the 1970s?, Documento de Trabalho nº 2004/01, Universidade de Évora, Departamento de Economia.11cvieira@uevora.pt1_2004Department of Economics, University of ÉvoraVieira, Carlosinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-01-03T18:49:22Zoai:dspace.uevora.pt:10174/8416Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T01:02:40.482378Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Unsustainable Fiscal Policies in the EU, A Legacy of the 1970s?
title Unsustainable Fiscal Policies in the EU, A Legacy of the 1970s?
spellingShingle Unsustainable Fiscal Policies in the EU, A Legacy of the 1970s?
Vieira, Carlos
fiscal policy
sustainability
cointegration
structural breaks
title_short Unsustainable Fiscal Policies in the EU, A Legacy of the 1970s?
title_full Unsustainable Fiscal Policies in the EU, A Legacy of the 1970s?
title_fullStr Unsustainable Fiscal Policies in the EU, A Legacy of the 1970s?
title_full_unstemmed Unsustainable Fiscal Policies in the EU, A Legacy of the 1970s?
title_sort Unsustainable Fiscal Policies in the EU, A Legacy of the 1970s?
author Vieira, Carlos
author_facet Vieira, Carlos
author_role author
dc.contributor.author.fl_str_mv Vieira, Carlos
dc.subject.por.fl_str_mv fiscal policy
sustainability
cointegration
structural breaks
topic fiscal policy
sustainability
cointegration
structural breaks
description The recent controversy over the excessive deficit procedure in Germany and France has reopened the discussion over the long run sustainability of fiscal policies. This paper tests the hypothesis of stainability in a group of six EU countries, with an econometric methodology allowing the consideration of often lected structural breaks in the data. It is found that, prior to EMU, only Germany followed a ustainable fiscal policy, ensuring a bounded debt-GDP ratio. The negative shock to government finances of the early 1970s appears to be still affecting the European economies.
publishDate 2004
dc.date.none.fl_str_mv 2004-01-01T00:00:00Z
2013-04-03T11:29:15Z
2013-04-03
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10174/8416
http://hdl.handle.net/10174/8416
url http://hdl.handle.net/10174/8416
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Vieira, C. (2004), Unsustainable Fiscal Policies in the EU, A Legacy of the 1970s?, Documento de Trabalho nº 2004/01, Universidade de Évora, Departamento de Economia.
11
cvieira@uevora.pt
1_2004
Department of Economics, University of Évora
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