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What do we really know about fiscal sustainability in the EU? A panel data diagnostic
Afonso, António; Rault, Christophe - 2007
We assess the sustainability of public finances in the EU15 over the period 1970-2006 using stationarity and … policy was sustainable both for the EU15 panel set, and within subperiods (1970-1991 and 1992-2006). …
Persistent link: https://www.econbiz.de/10011604866
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3-step analysis of public finances sustainability: the case of the European Union
Afonso, António; Rault, Christophe - 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 …
Persistent link: https://www.econbiz.de/10011604954
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Budgetary and external imbalances relationship: a panel data diagnostic
Afonso, António; Rault, Christophe - 2008
between the two imbalances for each country for the period 1970-2007, and for different EU and OECD country groupings. The …
Persistent link: https://www.econbiz.de/10011605007
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Spend-and-tax: a panel data investigation for the EU
Afonso, António; Rault, Christophe - In: Economics Bulletin 29 (2009) 4, pp. 2542-2548
, 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 …
Persistent link: https://www.econbiz.de/10008562854
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Spend spend-and and-tax: a panel data investigation for the EU
Afonso, António; Rault, Christophe - In: Economics Bulletin 29 (2009) 4, pp. 32-32
unit roots, we study the causality between government spending and revenue for the EU in the period 1960 1960-2006. We find … present for Germany, Belgium, Austria Finland and the UK, and for several EU New Member States. Moreover, in the run run-up to …
Persistent link: https://www.econbiz.de/10008562955
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Household risk management and actual mortgage choice in the euro area
Ehrmann, Michael; Ziegelmeyer, Michael - 2014
Mortgages constitute the largest part of household debt. An essential choice when taking out a mortgage is between fixed-interest-rate mortgages (FRMs) and adjustable-interest-rate mortgages (ARMs). However, so far, no comprehensive cross-country study has analyzed what determines household...
Persistent link: https://www.econbiz.de/10010235889
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The impact of association agreements on trade flows and the trade balance : evidence from the CEEC-4
Caporale, Guglielmo Maria; Rault, Christophe; Sova, Robert - 2009
Persistent link: https://www.econbiz.de/10003817130
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Trade specialisation and economic convergence : evidence from two Eastern European countries
Caporale, Guglielmo Maria; Rault, Christophe; Sova, Robert - 2008
Persistent link: https://www.econbiz.de/10003785262
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Macroeconomic experiences and risk taking of euro area households
Ampudia, Miguel; Ehrmann, Michael - 2014
This paper studies to what extent the experiences of households shape their willingness to take financial risks. It follows the methodology of Malmendier and Nagel (2011) and applies it to a novel data set on household finances covering euro area households. We show that experienced stock market...
Persistent link: https://www.econbiz.de/10010254328
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On the trade balance effects of free trade agreements between the EU-15 and the CEEC-4 countries
Caporale, Guglielmo Maria; Rault, Christophe; Sova, Ana … - 2008
Persistent link: https://www.econbiz.de/10003671252