Showing 1 - 10 of 11
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
The extent of government deficits and debt has been one of the most debated issues in recent years. However, much less has been contributed about their dynamics. Yet, the issue of entering into and exiting from excessive deficits is critical in the Economic and Monetary Union since the Stability...
Persistent link: https://www.econbiz.de/10013158139
, 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
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
Using an extended data set of EU countries ranging from 1971-2006 and relevant econometric methods, we investigate the … economic, political, and institutional determinants of government deficits in the EU. The results show a strong opportunistic …
Persistent link: https://www.econbiz.de/10012763989
deficits in the EU-15 over the period 1971-2006, both at a country-specific level and from a population-wide perspective …
Persistent link: https://www.econbiz.de/10012764965
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
This paper estimates the effects of the EU enlargements in the 2000s for trade in parts and components and trade in … EU and OECD countries. The estimation approach accounts for firm heterogeneity and selection bias in a panel …-data framework. We find a positive and significant effect of the EU-accession on CEECs trade in intermediate and final goods. The …
Persistent link: https://www.econbiz.de/10013049209
In a major setback for the EU, only two of four Eastern Partnership countries actually initialed Association Agreements … the EU, the paper shows that the Eastern Partnership countries, including Ukraine, by far the largest in the group, gain … significantly from free trade agreements with the EU, but gain little if anything from free trade agreements with Russia …
Persistent link: https://www.econbiz.de/10013050477
Eastern Partnership attempted to further political stability and economic development by liberalizing trade between the EU and … establishing political democracy and human rights in key countries. In response, the EU increased the emphasis in the ENP on … among the countries of the region as well as between each such country and the EU. Using a panel gravity model of trade …
Persistent link: https://www.econbiz.de/10013315891