Similar Search Results

Minimum wage and collective bargaining reforms : a narrative database for advanced economies

Afonso, António; Jalles, João Tovar; Venter, Zoe - 2022

This paper presents and describes a new database of major minimum wage and collective bargaining reforms covering 26 advanced economies over the period 1970-2020. The main advantage of this dataset is the precise identification of the nature and date of major reforms, which is valuable in many...

Persistent link: https://www.econbiz.de/10013176915

Long-run determinants of sovereign yields

Afonso, António; Rault, Christophe - 2010

We study sovereign bond yields in OECD countries with a dynamic panel by checking for cross-section dependence …; assessing panel cointegration; and estimating panel error-correction models. The results show that markets consider budgetary … and external imbalances and inflation as relevant determinants of sovereign yields. -- long-term yields ; panel …

Persistent link: https://www.econbiz.de/10008653417

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

Afonso, António (contributor); … - 2008

specific panel unit root test to investigate the mean-reverting behaviour of general government expenditures and revenues … ratios. Secondly, we apply the bootstrap panel cointegration techniques that account for the time series and cross … 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/10003751092

Fiscal sustainability, fiscal reactions, pitfalls and determinants

Afonso, António; Coelho, José Carlos - 2022

conclude for the existence of panel cointegration between government revenues and expenditures; primary government balance and …

Persistent link: https://www.econbiz.de/10013162289

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

Afonso, António; Coelho, José Carlos - 2024

for the full panel. Performing an expanding window analysis, we conclude that the differential between the long-term real …

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

How economic growth impinges on income inequalities?

Alves, José; Coelho, José Carlos; Roxo, Alexandre - 2022

Performing a panel data analysis for OECD countries, during the period between 1990 and 2019, this article investigates …

Persistent link: https://www.econbiz.de/10013473321

Determinants of the degree of fiscal sustainability

Afonso, António; Alves, José; Coelho, José Carlos - 2023

We assess the link between fiscal sustainability coefficients, namely the responses of the primary government balance and the global government balance to the debt-to-GDP ratio, and the response of government revenues to government expenditures. For 22 OECD developed countries we use annual data...

Persistent link: https://www.econbiz.de/10013494178

Fiscal sustainability and the role of inflation

Afonso, António; Alves, José; Matvejevs, Oļegs; … - 2023

We examine the relationship between inflation and fiscal sustainability with a two-step approach. In the first step, we estimate to estimate a country-specific time-varying measure of fiscal sustainability using the fiscal reaction function. This function captures the response of the primary...

Persistent link: https://www.econbiz.de/10014444867

Budgetary and external imbalances relationship : a panel data diagnostic

Afonso, António; Rault, Christophe - 2009

, using recent bootstrap panel cointegration techniques and SUR methods. We investigate the magnitude of the relationship … panel cointegration tests used allow for within and between correlation, while the SUR results show both positive and … balances. -- Budget balance ; external balance ; EU ; panel cointegration …

Persistent link: https://www.econbiz.de/10003808652

To consolidate or not to consolidate? : a multi-step analysis to assess needed fiscal sustainability

Afonso, António; Alves, José; Jalles, João Tovar - 2022

We assess the specific need (or its absence) of a country to implement a fiscal consolidation programme by focusing specifically on their degree of success, notably in terms of fiscal sustainability. The "need" to consolidate is based on having a primary balance above or below the...

Persistent link: https://www.econbiz.de/10012938962