Conference Agenda
Overview and details of the sessions of this conference.
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Some information on the session logistics:
If not stated otherwise, the discussant is the following speaker, with the first speaker being the discussant of the last paper. The last speaker of each session is the session chair. (Exception: invited sessions)
Presenters should speak for no more than 20 minutes, and discussants should limit their remarks to no more than 5 minutes. The remaining time should be reserved for audience questions and the presenter’s responses. We suggest following these guidelines also in the (less common) 3-paper sessions in a 2-hour slot, to allow participants to move between sessions. Discussants are encouraged to avoid summarizing the paper. By focusing on a few questions and comments, the discussants can help start a broader discussion with the audience.
Only registered participants can attend this conference. Further information available on the congress website https://www.iseg.ulisboa.pt/en/event/iipf/ .
Venue address: ISEG - Lisbon School of Economics & Management, R. Francesinhas 21, 1200-675 Lisboa, Portugal
Please note that all times are shown in the time zone of the conference. The current conference time is: 17th Sept 2026, 11:39:59am WEST
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Daily Overview |
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G11: Fiscal Rules, Tax Expenditures, and Sovereign Risk Location: Room 112 (Francesinhas 1) | |
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Tax-and-spend, Fiscal Rules and Sovereign Risk In The EU ISEG - Lisbon School of Economics and Management, Portugal For 27 EU countries, for the period 1995-2024, this paper assesses the tax-and-spend versus the spending-and-tax hypothesis, in the context of fiscal rules and sovereign risk awareness. Results show that a one percentage point increase in revenue (spending) ratios leads to an increase of 0.87 (0.51) pp in spending (revenue) ratios, hinting that the average budget decision-making has been more dominated by the revenue side. Moreover, the single currency produces tighter fiscal synchronization between the two sides of the government balance sheet. In addition, stronger fiscal rules help decreasing government spending while contributing to increasing government revenues. Finally, regarding the tax-and-spend analysis, an increase in the sovereign ratings leads to higher spending ratios, which can be seen as fiscal authorities having a better assessment from capital markets, which accept some additional government spending.
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