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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
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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
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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
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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
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An Assessment of Telecommunications Regulation Performance in the European Union
Afonso, António; Scaglioni, Carla - 2013
We assess the performance of National Regulatory Authorities across 16 EU countries regarding economic regulation in telecommunications sector, by constructing a so-called Composite Regulatory Performance Indicator for regulatory aspects such as effectiveness of the national regulatory system,...
Persistent link: https://www.econbiz.de/10014061329