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In the last twenty years Portugal struggled to keep public finances under control, notably in containing primary …
Persistent link: https://www.econbiz.de/10005827122
the absence of fixed effects). In Portugal, there is evidence of unfavourable errors about the budget balance in nominal …
Persistent link: https://www.econbiz.de/10010599170
We review the main budgetary measures not accepted by the Portuguese Constitutional Court in the Budget Laws of 2012, 2013 and 2014. Considering the feedback effect of the fiscal impulse, the impact on the budget balance is -0.42% and of -0.34% of GDP respectively for 2013 and for 2014; in both...
Persistent link: https://www.econbiz.de/10011200172
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After entering the EU in 1986, Portugal benefited from low interest rates and some growth momentum. However, the …
Persistent link: https://www.econbiz.de/10010603548
budget balance in France, Germany, Portugal, and Spain. We try to uncover past trends behind the development of public …
Persistent link: https://www.econbiz.de/10011604821
their outside option. Empirical results for Denmark, Portugal and the United States show that Denmark is closest to the … first-best outcome, while Portugal and the United States deviate in different ways. Coordination in wage bargaining and …
Persistent link: https://www.econbiz.de/10010276828
We argue in favour of the shareholder model of the firm for three main reasons. First, serving multiple stakeholders leads to ill-defined property rights. What sounds like a fair compromise between stakeholders can easily evolve in a permanent struggle between the stakeholders about the ultimate...
Persistent link: https://www.econbiz.de/10010276859
This study documents two empirical regularities, using data for Denmark and Portugal. First, workers who are hired last …
Persistent link: https://www.econbiz.de/10010276980