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Euro Area Time Varying Fiscal Sustainability

Afonso, António - 2015

We assess the time varying features of fiscal sustainability in the euro area via revisiting the empirical relationship … between the primary budget surplus and the debt-to-GDP ratio. Focusing on a sample of 11 Euro-area countries between 1999Q1 …

Persistent link: https://www.econbiz.de/10013015514

M3 money demand and excess liquidity in the euro area

Dreger, Christian (contributor); … - 2008

Money growth in the euro area has exceeded its target since 2001. Likewise, recent empirical studies did not find …, a rise in the income elasticity after 2001 is taken into account. The break might be linked to the introduction of euro …

Persistent link: https://www.econbiz.de/10003726115

Liquidity and asset prices : how strong are the linkages?

Dreger, Christian; Wolters, Jürgen - 2009

euro area. To control for international spillovers, global VARs are also considered. Differences in the results can provide … a measure on the impact of financial market integration. The specifications point to some impact of liquidity shocks on …

Persistent link: https://www.econbiz.de/10003807460

What do we really know about fiscal sustainability in the EU? : A panel data diagnostic

Afonso, António (contributor); … - 2007

Persistent link: https://www.econbiz.de/10003602785

Should we care for structural breaks when assessing fiscal sustainability?

Afonso, António (contributor); … - 2007

Persistent link: https://www.econbiz.de/10003602933

What do we really know about fiscal sustainability in the EU? : a panel data diagnostic

Afonso, António (contributor); … - 2007

We assess the sustainability of public finances in the EU15 over the period 1970-2006 using stationarity and cointegration analysis. Specifically, we use panel unit root tests of the first and second generation allowing in some cases for structural breaks. We also apply modern panel...