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What do we really know about fiscal sustainability in the EU? : a panel data diagnostic

Afonso, António (contributor); … - 2008

Persistent link: https://www.econbiz.de/10003641707

Budgetary and external imbalances relationship : a panel data diagnostic

Afonso, António; Rault, Christophe - 2009

between the two imbalances for each country for the period 1970-2007, and for different EU and OECD country groupings. The … balances. -- Budget balance ; external balance ; EU ; panel cointegration …

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

Spend-and-tax : a panel data investigation for the EU

Afonso, António; Rault, Christophe - 2009

, 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 … spend-and-tax strategy, implying adjustments of fiscal behaviour. -- panel causality ; fiscal policy ; EU …

Persistent link: https://www.econbiz.de/10003861754

Bootstrap panel Granger-causality between government budget and external deficits for the EU

Afonso, António; Rault, Christophe - 2009

period 1970-2007, for different EU and OECD country groupings. We use the panel-data approach of Kónya (2006), which is based … budget deficits to current account deficits for several EU countries: Bulgaria, Czech Republic, Estonia, Finland, France … deficit ; external imbalance ; real exchange rates ; EU ; OECD …

Persistent link: https://www.econbiz.de/10003818006

Current account imbalances and structural adjustment in the Euro area : how to rebalance competitiveness

Zemanek, Holger; Belke, Ansgar; Schnabl, Gunther - 2009

Low international competitiveness of a set of euro area countries, which have become evident by large current account deficits and rising risk premiums on government bonds, is one of the most challenging economic policy issues for Europe. We analyse the role of private restructuring and public...

Persistent link: https://www.econbiz.de/10003850175

Short and long-run behaviour of long-term sovereign bond yields

Afonso, António - 2010

-term yields ; EU ; financial integration ; panel cointegration ; bootstrap …

Persistent link: https://www.econbiz.de/10008732265

Inter-temporal savings, current account dynamics and asymmetric shocks in a heterogeneous European Monetary Union

Schnabl, Gunther; Zemanek, Holger - 2010

In the current debate on the reasons and implications of the Greek and Irish euro crisis, the intra-European current account imbalances have gained rising attention. Whereas Greece and Ireland struggle for austerity in private and public spending, Germany is urged to reduce its current account...

Persistent link: https://www.econbiz.de/10008798227

Fiscal divergence and current account imbalances in Europe

Schnabl, Gunther; Wollmershäuser, Timo - 2013

Since the breakdown of the Bretton Woods System diverging current account positions in Europe have prevailed. While the Southern and Western European countries have tended to run current account deficits, the current accounts of the Central and Northern European countries, in particular Germany,...

Persistent link: https://www.econbiz.de/10009702880

Euro area sovereign debt crisis and debt mutualisation

Afonso, António; Alcântara, Marcelo - 2016

Persistent link: https://www.econbiz.de/10011549292

Revisiting sovereign bond spreads' determinants in the EMU

Afonso, António; Reis, Manuel - 2016

Persistent link: https://www.econbiz.de/10011549478