This paper examines the presence of political cycles inside the Portuguese governments’ aggregate expenditures by using annual data for 10 expenditure components. The results indicate that the choice of the expenditure components to be increased during election periods by Portuguese...

This paper analyses the presence of duration dependence in Portuguese local governments’ tenure employing continuous and discrete-time duration analyses over a set of spells of time in office for the period 1979-2005. Our results show that the more time a party remains in office, the higher is...

Desde a década de 50 que um grupo de países tem vindo a evidenciar níveis de inflação elevados durante longos períodos de tempo sem que as necessárias medidas de estabilização sejam adoptadas com a devida celeridade. Essas medidas são muitas vezes adiadas, sendo os respectivos...