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The effects of monetary policy surprises and fiscal sustainability regimes in the Euro Area
Afonso, António; Alves, José; Ionta, Serena - 2023
projection model for the Euro Area (aggregate data), Germany, Italy, and Portugal, we analyze the interaction between both …
Persistent link: https://www.econbiz.de/10014313459
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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
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The Macroeconomic Effects of Fiscal Policy in Portugal: a Bayesian SVAR Analysis
Afonso, António; Sousa, Ricardo M. - ISEG - School of Economics and Management, Department … - 2009
In the last twenty years Portugal struggled to keep public finances under control, notably in containing primary …
Persistent link: https://www.econbiz.de/10005041008
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Assessing Long-Term Fiscal Developments: Evidence from Portugal
Afonso, António; Sousa, Ricardo M. - ISEG - School of Economics and Management, Department … - 2009
Drawing on quarterly data for Portugal, we use a Three-Stage Least Square method and a system of equations to …
Persistent link: https://www.econbiz.de/10005184986
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The Fiscal Forecasting Track Record of the European Commission and Portugal
Afonso, António; Silva, Jorge - ISEG - School of Economics and Management, Department … - 2012
the absence of fixed effects). In Portugal, there is evidence of unfavourable errors about the budget balance in nominal …
Persistent link: https://www.econbiz.de/10010599170
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Anatomy of a fiscal débacle: the case of Portugal
Afonso, António - ISEG - School of Economics and Management, Department … - 2013
After entering the EU in 1986, Portugal benefited from low interest rates and some growth momentum. However, the …
Persistent link: https://www.econbiz.de/10010603548
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Assessing Hospital Efficiency: Non-parametric Evidence for Portugal
Afonso, António; Fernandes, Sónia - ISEG - School of Economics and Management, Department … - 2008
We compute DEA efficiency scores and Malmquist indexes for a panel data set comprising 68 Portuguese public hospitals belonging to the National Health System (NHS) in the period 2000-2005, when several units started being run in an entrepreneurial framework. With data on hospital services’ and...
Persistent link: https://www.econbiz.de/10005628399
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The macro impact of the Portuguese Constitutional Court decisions regarding the budgetary proposals of the Portuguese Budget Law (2012, 2013, 2014)
Afonso, António; Caiado, Jorge; Aubyn, Miguel St. - ISEG - School of Economics and Management, Department … - 2015
We review the main budgetary measures not accepted by the Portuguese Constitutional Court in the Budget Laws of 2012, 2013 and 2014. Considering the feedback effect of the fiscal impulse, the impact on the budget balance is -0.42% and of -0.34% of GDP respectively for 2013 and for 2014; in both...
Persistent link: https://www.econbiz.de/10011200172
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Public finances in Portugal: a brief longrun view
Afonso, António - ISEG - School of Economics and Management, Department … - 2007
This paper provides a succinct overview of long-run developments regarding public finances in Portugal with an emphasis … on the spending side. Issues addressed are the excessive deficit experiences of Portugal, the past experience with fiscal … consolidations, and labour cost competitiveness. It is fair to stay that public spending control has been a problem in Portugal, and …
Persistent link: https://www.econbiz.de/10005761286