| 000 | 01448nab#a2200253#c#4500 | ||
|---|---|---|---|
| 999 |
_c128315 _d128315 |
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| 003 | IEF | ||
| 005 | 20191022171401.0 | ||
| 008 | 020620s2002 ESP|| #####0 b|SPA|u | ||
| 040 |
_aIEF _cES-MaIEF |
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| 041 | _aSPA | ||
| 100 | 1 |
_aCastro Fernández, Francisco de _99611 |
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| 245 |
_aOn the sustainability of the Spanish public budget performance _c Francisco de Castro, Pablo Hernández de Cos |
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| 260 | _c2002 | ||
| 500 | _aResumen. -- Conclusiones. -- Bibliografía | ||
| 520 | _aIn this paper, we address the issue of whether the current fiscal policy in Spain is sustainable. For this purpose we apply traditional empirical test of fiscal sustainability proposed in the literature and, in addition, we introduce a deeper univariate analysis of the series involved. Our results show that a structural break seems to have taken place gradually in the Spanish budget performance, allowing to verifying the intertemporal borrowing constraint in a "strong sense", which means that no problems in marketing public debt are expected to arise if fiscal variables follow the pattern of the past in the future. | ||
| 650 | 4 |
_aCOINTEGRACION _937633 |
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| 650 | 4 |
_aPOLITICA FISCAL _948067 |
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| 700 | 1 |
_aHernández de Cos, Pablo _921153 |
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| 773 | 0 |
_tHacienda pública española _w34570 _gnº 160, p. 9-27 |
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| 856 | _uhttps://www.ief.es/docs/destacados/publicaciones/revistas/hpe/160_Art1.pdf | ||
| 942 | _2udc | ||
| 942 | _2udc | ||