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The Effects of Macroeconomic, Fiscal and Monetary Policy Announcements on Sovereign Bond Spreads : An Event Study from the EMU

Afonso, António; Jalles, João Tovar; Kazemi, Mina - 2019

interest rates together with the longer-term refinancing operations (LTROs) and the first covered bond purchase programme (CBPP …

Persistent link: https://www.econbiz.de/10014108277

The Effects of Monetary Policy Surprises and Fiscal Sustainability Regimes in the Euro Area

Afonso, António; Alves, José; Ionta, Serena - 2023

projection model for the Euro Area (aggregate data), Germany, Italy, and Portugal, we analyze the interaction between both … even positive). The dependence of the effectiveness of monetary policy on fiscal solvency is valid for Euro-Area and all …

Persistent link: https://www.econbiz.de/10014346577

The Interplay between Monetary and Fiscal Policies in the EU

Afonso, António; Sousa, Alexandre - 2021

, however with a higher degree in the euro area …

Persistent link: https://www.econbiz.de/10013246576

The Role of Fiscal Policies for External Imbalances : Evidence from the European Union

Afonso, António; Coelho, José - 2021

We revisit the relation between budget deficits and current account deficits for 28 European Union countries from 1996 to 2019. We find that an increase in budget deficit of 1 pp of GDP results in a deterioration of the current account deficit of 0.318 pp of GDP, which supports the Twin Deficits...

Persistent link: https://www.econbiz.de/10013247757

Euro Area Time-Varying Cyclicality of Fiscal Policy

Afonso, António; Carvalho, Francisco Tiago - 2021

We assess the cyclicality of fiscal policy in the 19 Euro area countries, notably during recessions, for the period …

Persistent link: https://www.econbiz.de/10013321855

Public Finances Solvency in the Euro Area : True or False?

Afonso, António; Coelho, José Carlos - 2022

We assess public finances solvency for Euro Area countries using quarterly data between 1999Q1 and 2020Q4. Through a …

Persistent link: https://www.econbiz.de/10014077368

Twin Deficits Through the Looking Glass : Time-Varying Analysis in the Euro Area

Afonso, António; Coelho, José - 2022

balance, we assess the Twin Deficit Hypothesis for the Euro Area in the period 1995-2020. Furthermore, we estimate time …

Persistent link: https://www.econbiz.de/10013307056