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Fiscal regimes in the EU
Afonso, António; Toffano, Priscilla - 2013
We assess the existence of fiscal regime shifts in the U.K., Germany, and Italy, using Markov switching fiscal rules. On the basis of a newly built quarterly data set, our results show the existence of fiscal regimes shifts, sometimes coupled with regime switches also regarding monetary...
Persistent link: https://www.econbiz.de/10011605574
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Forecasting fiscal time series using mixed frequency data
Asimakopoulos, Stylianos; Paredes, Joan; Warmedinger, Thomas - 2013
forecasts for total revenues and expenditures via their subcomponents can actually result more accurate than a direct forecast …
Persistent link: https://www.econbiz.de/10011605595
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Forecasting Fiscal Time Series Using Mixed Frequency Data
Asimakopoulos, Stylianos - 2013
forecasts for total revenues and expenditures via their subcomponents can actually result more accurate than a direct forecast …
Persistent link: https://www.econbiz.de/10013082111
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Fiscal Regimes in the EU
Afonso, António - 2013
We assess the existence of fiscal regime shifts in the U.K., Germany, and Italy, using Markov switching fiscal rules. On the basis of a newly built quarterly data set, our results show the existence of fiscal regimes shifts, sometimes coupled with regime switches also regarding monetary...
Persistent link: https://www.econbiz.de/10013084529
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Revisiting Fiscal Sustainability : Panel Cointegration and Structural Breaks in OECD Countries
Afonso, António - 2012
cointegration analysis, both country and panel based, controlling for endogenous breaks. Results notably show: lack of cointegration …
Persistent link: https://www.econbiz.de/10013102099
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Determinants of Government Bond Spreads in New EU Countries
Alexopoulou, Ioana - 2009
Based on a rich database of government bond spreads and macroeconomic indicators over the period 2001-2008, we propose an empirical assessment of the role of fundamentals in driving long-term sovereign bond spreads of the new EU countries (Bulgaria, Czech Republic, Latvia, Lithuania, Hungary,...
Persistent link: https://www.econbiz.de/10013156329
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Budgetary and External Imbalances Relationship : A Panel Data Diagnostic
Afonso, António; Rault, Christophe - 2021
We assess the cointegration relationship between current account and budget balances, and effective real exchange rates …, 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 …
Persistent link: https://www.econbiz.de/10013316457
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Does Fiscal Policy Matter for the Trade Account? A Panel Cointegration Study
Funke, Katja; Nickel, Christiane - 2021
This paper analyses the empirical relationship between fiscal policy and the trade account. Research prior to this paper did not consider that the components of private and public demand in the import demand equation exhibit different elasticities. Using pooled mean group estimation for annual...
Persistent link: https://www.econbiz.de/10013317626
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The demand for M3 in the euro area
Coenen, Guenter; Vega, Juan Luis - 1999
In this paper, an empirically stable money demand model for M3 in the euro area is constructed. Starting with a multivariate system, three cointegrating relationships with economic content are found: (i) the spread between the long- and the short-term nominal interest rates, (ii) the long-term...
Persistent link: https://www.econbiz.de/10011604052
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Interest rate reaction functions and the Taylor rule in the euro area
Gerlach-Kristen, Petra - 2003
Persistent link: https://www.econbiz.de/10011604304