RT info:eu-repo/semantics/workingPaper
T1 Government deficit sustainability, and monetary versus fiscal dominance : the case of Spain, 1850-2000
A1 Bajo Rubio, Óscar
A1 Díaz Roldán, María del Carmen
A1 Esteve, Vicente
K1 Fiscal policy
K1 Sustainability
K1 Fiscal theory of the price level
K1 Monetary dominance
K1 Fiscal dominance
K1 Política fiscal
K1 Sostenibilidad
K1 Teoría fiscal del nivel de precios
K1 Dominio monetario
K1 Dominancia fiscal
K1 Economía
K1 Economics
K1 Sociología
K1 Sociology
AB In this paper, we provide a test of the sustainability of the Spanish government deficit over the period 1850-2000, emphasizing the role played by monetary and fiscal dominance in order to get fiscal solvency. Since the condition of fiscal solvency was satisfied, government deficit would have been sustainable along the sample period. In addition, the whole period can be characterized as one of fiscal dominance
PB Universidad de Alcalá. Instituto Universitario de Análisis Económico y Social
SN 2172-7856
YR 2014
FD 2014
LK http://hdl.handle.net/10017/21493
UL http://hdl.handle.net/10017/21493
LA eng
NO The authors acknowledge financial support from the Spanish Ministry of Economy and Competitiveness (Projects ECO2011-29314-C02-02–O. Bajo-Rubio and C. Díaz-Roldán– and ECO2011-30260-CO3-01 –V. Esteve–), and the Department of Education and Science of the regional government of Castilla-La Mancha (Project PEII09-0072-7392). V. Esteve also acknowledges support from the Generalitat Valenciana (Project GVPROMETEO2009-098)
NO Ministerio de Ciencia e Innovación
DS MINDS@UW
RD 26-abr-2024