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What do we really know about fiscal sustainability in the EU?: a panel data diagnostic
Afonso, António; Rault, Christophe - 2008
We assess the sustainability of public finances in the EU15 using stationarity and cointegration analysis. Specifically … revenues. While sustainability may be lacking in individual cases, fiscal policy was overall sustainable both for the EU15 …
Persistent link: https://www.econbiz.de/10010264310
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3-Step analysis of public finances sustainability: the case of the European Union
Afonso, António; Rault, Christophe - 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/10010264433
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Budgetary and external imbalances relationship: a panel data diagnostic
Afonso, António; Rault, Christophe - 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/10010264569
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Bootstrap panel granger-causality between government budget and external deficits for the EU
Afonso, António; Rault, Christophe - 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/10010264585
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Spend-and-tax : a panel data investigation for the EU
Afonso, António; Rault, Christophe - 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/10010276304
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Pay and Unemployment Determinants of Migration Flows in the European Union
Afonso, António; Alves, José; Beck, Krzysztof - 2022
We analyze the migration drivers within the European Union countries. For a set of 23 EU countries over the 1995 … quantile regression results. Hence, human capital inside the EU is moving in search of higher cross-country earnings. …
Persistent link: https://www.econbiz.de/10014290041
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Pay and Unemployment Determinants of Migration Flows in the European Union
Afonso, António; Alves, José; Beck, Krzysztof - 2022
We analyze the migration drivers within the European Union countries. For a set of 23 EU countries over the 1995 … quantile regression results. Hence, human capital inside the EU is moving in search of higher cross-country earnings …
Persistent link: https://www.econbiz.de/10014240478
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The Effects of Monetary Policy Surprises and Fiscal Sustainability Regimes in the Euro Area
Afonso, António; Alves, José; Ionta, Serena - 2023
We study the effect of monetary surprise shocks on real output and the price level, conditioned on different fiscal sustainability regimes in the period 2001Q4-2021Q4. First, we estimate time-varying fiscal sustainability coefficients based on Bohn’s (1998) approach through Schlicht’s (2003)...
Persistent link: https://www.econbiz.de/10014346445
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Economic Growth and Pollutant Emissions : New Panel Evidence from the Union for the Mediterranean Countries
Ben Abdeljelil, Mouna; Rault, Christophe; Belaïd, Fateh - 2023
This paper investigates the existence of an environmental Kuznets curve (EKC) and its robustness for 28 countries of the Union for the Mediterranean (UfM) over the recent period. Our methodology relies on four recent estimation methods for non-stationary panel data and includes four pollutants...
Persistent link: https://www.econbiz.de/10014262471