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Target loans, current account balances and capital flows : the ECB's rescue facility
Sinn, Hans-Werner; Wollmershäuser, Timo - 2011
The Target liabilities of the GIPS countries (Greece, Ireland, Portugal and Spain) amounted to314 billion euros in … destroyed the Bretton Woods System. Greece, Ireland, Portugal, Spain and Italy have suffered from balance-of-payments deficits …
Persistent link: https://www.econbiz.de/10009155848
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Debt sustainability and financial crises : evidence from the GIIPS
Legrenzi, Gabriella Deborah; Milas, Costas - 2011
We assess the sustainability of the public finances of Greece, Ireland, Italy, Portugal and Spain (GIIPS), allowing for …
Persistent link: https://www.econbiz.de/10009307965
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Fiscal policy sustainability, economic cycle and financial crises : the case of the GIPS
Legrenzi, Gabriella Deborah; Milas, Costas - 2012
threshold behaviour for the GIPS, that only correct "large" unbalances, which, in the case of Greece and Portugal, are higher …
Persistent link: https://www.econbiz.de/10009683459
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Persistence in youth unemployment
Caporale, Guglielmo Maria; Gil-Alaña, Luis A. - 2012
, Portugal, Ireland and Finland, where appropriate policy actions are of the essence. Specifically, active labour market policies …
Persistent link: https://www.econbiz.de/10009630623
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Drivers of fiscal sustainability : a time-varying analysis for Portugal
Afonso, António; Coelho, José Carlos - 2023
We assess the drivers of fiscal sustainability in Portugal during the period 1999Q4-2021Q4. We resort to expanding … the debt-to-GDP ratio. Our results show the prevalence of a Ricardian fiscal regime in Portugal. If the (i-g) differential … financial assistance program to Portugal, between 2011Q2 and 2014Q2. …
Persistent link: https://www.econbiz.de/10014391313