Similar Search Results

Spend-and-tax: A Panel Data Investigation for the EU

Afonso, António; Rault, Christophe - CESifo - 2009

, we study the causality between government spending and revenue for the EU in the period 1960-2006. We find spend … Finland and the UK, and for several EU New Member States. Moreover, in the run-up to EMU there was some shifting away from a …

Persistent link: https://www.econbiz.de/10005013057

Short and Long-run Behaviour of Long-term Sovereign Bond Yields

Afonso, António; Rault, Christophe - CESifo - 2010

This study assesses the short and long-run behaviour of long-term sovereign bond yields in OECD countries, for the period 1973-2008. We employ a dynamic panel approach to reflect financial and economic integration, and to increase the performance and accuracy of the tests. Given the existence of...

Persistent link: https://www.econbiz.de/10008727299

Should we care for structural breaks when assessing fiscal sustainability?

Afonso, António; Rault, Christophe - William Davidson Institute, University of Michigan - 2008

sustainability in the overall EU15 panel. …

Persistent link: https://www.econbiz.de/10005784610

Business cycle synchronization and insurance mechanisms in the EU

Afonso, António; Furceri, Davide - European Central Bank - 2007

In this paper we provide a positive exercise on past business-cycle correlations and risk sharing in the European Union, and on the ability of insurance mechanisms and fiscal policies to smooth income fluctuations. The results suggest in particular that while some of the new Member States have...

Persistent link: https://www.econbiz.de/10005816178

Spend-and-tax: a panel data investigation for the EU

Afonso, António; Rault, Christophe - In: Economics Bulletin 29 (2009) 4, pp. 2542-2548

Persistent link: https://www.econbiz.de/10008562854

Spend spend-and and-tax: a panel data investigation for the EU

Afonso, António; Rault, Christophe - In: Economics Bulletin 29 (2009) 4, pp. 32-32

unit roots, we study the causality between government spending and revenue for the EU in the period 1960 1960-2006. We find … present for Germany, Belgium, Austria Finland and the UK, and for several EU New Member States. Moreover, in the run run-up to …

Persistent link: https://www.econbiz.de/10008562955

Budgetary and External Imbalances Relationship: A Panel Data Diagnostic

Afonso, António; Rault, Christophe - CESifo - 2009

between the two imbalances for each country for the period 1970-2007, and for different EU and OECD country groupings. The …

Persistent link: https://www.econbiz.de/10005765818

Fiscal policy and growth: do financial crises make a difference?

Afonso, António; Grüner, Hans Peter; Kolerus, Christina - European Central Bank - 2010

In this paper we assess to what extent in the existence of a financial crisis, government spending can contribute to mitigate economic downturns in the short run and whether such impact differs in crisis and non crisis times. We use panel analysis for a set of OECD and non-OECD countries for the...

Persistent link: https://www.econbiz.de/10008550451

Bootstrap panel Granger-causality between government spending and revenue in the EU

Afonso, António; Rault, Christophe - William Davidson Institute, University of Michigan - 2009

, we study the causality between government revenue and spending for the EU in the period 1960-2006. Spend …, Austria, Finland and the UK, and for several EU New Member States. …

Persistent link: https://www.econbiz.de/10008529002

Bootstrap Panel Granger-Causality between Government Budget and External Deficits for the EU

Afonso, António; Rault, Christophe - CESifo - 2009

period 1970-2007, for different EU and OECD country groupings. We use the panel-data approach of Kónya (2006), which is based … budget deficits to current account deficits for several EU countries: Bulgaria, Czech Republic, Estonia, Finland, France …

Persistent link: https://www.econbiz.de/10005051497