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Ricardian fiscal regimes in the European Union

Afonso, António - In: Empirica : journal of european economics 35 (2008) 3, pp. 313-334

Persistent link: https://www.econbiz.de/10003726486

Special issue: Selected papers of the WWWforEurope conference on modelling growth and socio-ecological transition, Vienna, 2013

Schratzenstaller, Margit; Weiss, Teresa; Stix, Sigrid - In: Empirica : journal of european economics 41 (2014) 3, pp. 377-380

Persistent link: https://www.econbiz.de/10010486034

Short and Long-Run Behaviour of Long-Term Sovereign Bond Yields

Afonso, António - 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/10013135912

Tax-Benefit Systems in Europe and the US : Between Equity and Efficiency

Bargain, Olivier - 2011

approach to characterize the redistributive preferences embodied in the welfare systems of 17 EU countries and the US. Implicit …

Persistent link: https://www.econbiz.de/10013121865

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

Afonso, António - 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/10013158140

‘Whatever It Takes’ to Resolve the European Sovereign Debt Crisis? Bond Pricing Regime Switches and Monetary Policy Effects

Afonso, António - 2017

This paper investigates the role of unconventional monetary policy as a source of time-variation in the relationship between sovereign bond yield spreads and their fundamental determinants. Our results provide evidence of a new bond-pricing regime following the announcement of the Outright...

Persistent link: https://www.econbiz.de/10012943161

3-Step Analysis of Public Finances Sustainability : The Case of the European Union

Afonso, António - 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/10012770443

An Unemployment Insurance Scheme for the Euro Area? A Comparison of Different Alternatives Using Micro Data

Dolls, Mathias - 2015

We analyze different options for the design of a common unemployment insurance system for the euro area (EA). We assess their effectiveness to act as an insurance device in the presence of asymmetric macroeconomic shocks. Running counterfactual simulations based on micro data for the period...

Persistent link: https://www.econbiz.de/10013011329

What Do We Really Know About Fiscal Sustainability in the EU? A Panel Data Diagnostic

Afonso, António; Rault, Christophe - 2021

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/10013316576

Reform needs and options in the EU system of own resources

Hudetz, Alexander; Mumford, Ann; Nerudová, Danuše; … - In: Empirica : journal of european economics 44 (2017) 4, pp. 609-613

Persistent link: https://www.econbiz.de/10011783103