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Revisiting Business Cycle Synchronisation in the European Union

Afonso, António - 2010

We assess the business cycle synchronization features of aggregate output in the 27 EU countries using annual data for the period 1970-2009. In particular, we compute measures of synchronisation for private consumption, government spending, gross fixed capital formation, exports and imports. Our...

Persistent link: https://www.econbiz.de/10013135661

The Fiscal Forecasting Track Record of the European Commission and Portugal

Afonso, António - 2012

This study aims at explaining the deviation between the budget balance ratio forecasts and the outcomes in the Portuguese official forecasts and in the European Commission (EC) vintage forecasts. Therefore, we used data from the EC for the period 1969-2011 and also the Portuguese official...

Persistent link: https://www.econbiz.de/10013097457

The Determinants of Sovereign Bond Yield Spreads in the EMU

Afonso, António - 2013

We use a panel of euro area countries to assess the determinants of long-term sovereign bond yield spreads over the …

Persistent link: https://www.econbiz.de/10013086207

On the Time-Varying Relationship between EMU Sovereign Spreads and Their Determinants

Afonso, António - 2013

We use a dynamic multipath general-to-specific algorithm to capture structural instability in the link between euro … relationship between euro area sovereign risk and the underlying fundamentals is strongly time-varying, turning from inactive to … rule, the set of financial and macro spreads' determinants in the euro area is rather unstable but generally becomes richer …

Persistent link: https://www.econbiz.de/10013086268

An Assessment of Telecommunications Regulation Performance in the European Union

Afonso, António; Scaglioni, Carla - 2013

effectiveness of the national regulatory system, effectiveness of the dispute settlement body, general market access conditions and …

Persistent link: https://www.econbiz.de/10014061329