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3-Step analysis of public finances sustainability : the case of the European Union

Afonso, António (contributor); … - 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 …. -- Fiscal sustainability ; EU ; panel cointegration …

Persistent link: https://www.econbiz.de/10003751092

Public finances in the EU-27 : are they sustainable?

Cuestas, Juan Carlos; Gil-Alaña, Luis A.; Sauci, Laura - In: Empirica : journal of european economics 47 (2020) 1, pp. 181-204

Persistent link: https://www.econbiz.de/10012224176

Budgetary constrained governments : drivers of time varying fiscal sustainability in OECD countries

Afonso, António; Coelho, José Carlos - 2024

We assess the drivers of fiscal sustainability in 20 OECD economies between 1950 and 2019. We find stable long-term relationships between government revenues and expenditures as well as between the primary budget balance and past public debt ratio for the full panel. Performing an expanding...

Persistent link: https://www.econbiz.de/10014543858

Public finances solvency in the Euro Area : true or false?

Afonso, António; Coelho, José Carlos - 2022

We assess public finances solvency for Euro Area countries using quarterly data between 1999Q1 and 2020Q4. Through a country-by-country analysis, the answer to the title question is true. For most countries, (i) the primary budget balance reacts positively to the lagged public debt ratio and...

Persistent link: https://www.econbiz.de/10013365375