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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

The effects of monetary policy surprises and fiscal sustainability regimes in the Euro Area

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

We study the effect of monetary surprise shocks on real output and the price level, conditioned on different fiscal sustainability regimes in the period 2001Q4-2021Q4. First, we estimate time-varying fiscal sustainability coefficients based on Bohn's (1998) approach through Schlicht's (2003)...

Persistent link: https://www.econbiz.de/10014313459

Monetary policy surprise shocks under different fiscal regimes : a panel analysis of the Euro Area

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

We study the effect of monetary policy surprise shocks on real output and the price level, conditioned on different fiscal stances in the period 2001Q4-2021Q4 for a panel of the 19 countries of the Euro Area. Applying local projection methodology, we find that the effect of monetary shocks...

Persistent link: https://www.econbiz.de/10014336399

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

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

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

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

What do we really Know about Fiscal Sustainability in the EU? A Panel Data Diagnostic

Afonso, António; Rault, Christophe - CESifo - 2008

Persistent link: https://www.econbiz.de/10005416479

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

What do we really know about fiscal sustainability in the EU? A panel data diagnostic

Afonso, António; Rault, Christophe - HAL - 2007

Persistent link: https://www.econbiz.de/10008794354