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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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Fiscal sustainability and the role of inflation
Afonso, António; Alves, José; Matvejevs, Oļegs; … - 2023
We examine the relationship between inflation and fiscal sustainability with a two-step approach. In the first step, we estimate to estimate a country-specific time-varying measure of fiscal sustainability using the fiscal reaction function. This function captures the response of the primary...
Persistent link: https://www.econbiz.de/10014444867
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Fiscal sustainability and the role of inflation
Afonso, António; Alves, Josée; Matvejevs, Oļegs; … - 2023
Persistent link: https://www.econbiz.de/10014449972
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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
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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