Narrow search
Showing 1 - 3 of 3
Cover Image
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
Cover Image
3-step analysis of public finances sustainability: the case of the European Union
Afonso, António; Rault, Christophe - European Central Bank - 2008
We use a 3-step analysis to assess the sustainability of public finances in the EU27. Firstly, we perform the SURADF … and revenues via SUR analysis. While results imply that public finances were not unsustainable for the EU panel, fiscal …
Persistent link: https://www.econbiz.de/10005530805
Cover Image
What do we really know about fiscal sustainability in the EU? A panel data diagnostic
Afonso, António; Rault, Christophe - European Central Bank - 2007
We assess the sustainability of public finances in the EU15 over the period 1970-2006 using stationarity and … policy was sustainable both for the EU15 panel set, and within subperiods (1970-1991 and 1992-2006). JEL Classification: C23 …
Persistent link: https://www.econbiz.de/10005222321