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Budgetary and External Imbalances Relationship : a Panel Data Diagnostic

Afonso, António; Rault, Christophe - ISEG - School of Economics and Management, Department … - 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/10005761272

Bootstrap Panel Granger-Causality Between Government Budget and External Deficits for the EU

Afonso, António; Rault, Christophe - ISEG - School of Economics and Management, Department … - 2009

period 1970-2007, for different EU and OECD country groupings. We use a panel-data approach based on SUR systems and Wald … account deficits for several EU countries: Bulgaria, Czech Republic, Estonia, Finland, France, Italy, Hungary, Lithuania …

Persistent link: https://www.econbiz.de/10005184983

What We Really Know about Fiscal Sustainability in the EU? A Panel Data Diagnostic.

Afonso, António; Rault, Christophe - ISEG - School of Economics and Management, Department … - 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/10005593005

Should we Care for Structural Breaks When Assessing Fiscal Sustainability?

Afonso, António; Rault, Christophe - ISEG - School of Economics and Management, Department … - 2008

sustainability in the overall EU15 panel. …

Persistent link: https://www.econbiz.de/10005593048

Short and Long-run Behaviour of Long-term Sovereign Bond Yields

Afonso, António; Rault, Christophe - ISEG - School of Economics and Management, Department … - 2010

This study assesses the short and long-run behaviour of long-term sovereign bond yields in OECD countries, for the period 1973-2008. We employ a dynamic panel approach to reflect financial and economic integration, and to increase the performance and accuracy of the tests. Given the existence of...

Persistent link: https://www.econbiz.de/10008752828

3-Step Analysis of Public Finances Sustainability: the Case of the European Union

Afonso, António; Rault, Christophe - ISEG - School of Economics and Management, Department … - 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/10005628443