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What do we really know about fiscal sustainability in the EU?: a panel data diagnostic
Afonso, António; Rault, Christophe - 2008
We assess the sustainability of public finances in the EU15 using stationarity and cointegration analysis. Specifically … revenues. While sustainability may be lacking in individual cases, fiscal policy was overall sustainable both for the EU15 …
Persistent link: https://www.econbiz.de/10010264310
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Do fiscal rules undermine public investments? : a review of empirical evidence
Blesse, Sebastian; Dorn, Florian; Lay, Max - 2023
Fiscal rules are a frequent policy measure to restrict deficit-taking among incumbent politicians. In times of increased and sustained investment needs to mitigate the consequences of climate change, and to promote the digital and structural transformation, fiscal rules have become subject to...
Persistent link: https://www.econbiz.de/10014279327
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Should we care for structural breaks when assessing fiscal sustainability?
Afonso, António; Rault, Christophe - William Davidson Institute, University of Michigan - 2008
sustainability in the overall EU15 panel. …
Persistent link: https://www.econbiz.de/10005784610
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Spend spend-and and-tax: a panel data investigation for the EU
Afonso, António; Rault, Christophe - In: Economics Bulletin 29 (2009) 4, pp. 32-32
unit roots, we study the causality between government spending and revenue for the EU in the period 1960 1960-2006. We find … present for Germany, Belgium, Austria Finland and the UK, and for several EU New Member States. Moreover, in the run run-up to …
Persistent link: https://www.econbiz.de/10008562955
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What do we really know about fiscal sustainability in the EU? A panel data diagnostic
Rault, Christophe; Alfonso, Antonio - William Davidson Institute, University of Michigan - 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 sub-periods (1970-1991 and 1992-2006) …
Persistent link: https://www.econbiz.de/10005677525
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3-Step Analysis of Public Finances Sustainability: the Case of the European Union
Afonso, António; Rault, Christophe - CESifo - 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/10005406275
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What do we really Know about Fiscal Sustainability in the EU? A Panel Data Diagnostic
Afonso, António; Rault, Christophe - CESifo - 2008
We assess the sustainability of public finances in the EU15 using stationarity and cointegration analysis. Specifically … revenues. While sustainability may be lacking in individual cases, fiscal policy was overall sustainable both for the EU15 …
Persistent link: https://www.econbiz.de/10005416479
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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
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What do we really know about fiscal sustainability in the EU? A panel data diagnostic
Afonso, António; Rault, Christophe - HAL - 2007
We assess the sustainability of public finances in the EU15 using stationarity and cointegration analysis. Specifically … revenues. While sustainability may be lacking in individual cases, fiscal policy was overall sustainable both for the EU15 …
Persistent link: https://www.econbiz.de/10008794354
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3-Step Analysis of Public Finances Sustainability: the Case of the European Union*
Afonso, António; Rault, Christophe - HAL - 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/10008794837