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To consolidate or not to consolidate? : a multi-step analysis to assess needed fiscal sustainability

Afonso, António; Alves, José; Jalles, João Tovar - 2022

specifically on their degree of success, notably in terms of fiscal sustainability. The "need" to consolidate is based on having a … primary balance above or below the debt-stabilizing primary balance (provided by the IMF's Debt Sustainability Analysis) for … each country. We then link the need for and the actual (historical) existence of fiscal adjustments to their sustainability …

Persistent link: https://www.econbiz.de/10012938962

How to achieve fiscal sustainability in industrialised countries

Afonso, António (contributor) - 2008

Persistent link: https://www.econbiz.de/10009412470

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

Afonso, António (contributor); … - 2008

Persistent link: https://www.econbiz.de/10003641707

Fiscal policy responsiveness, persistence and discretion

Afonso, António; Agnello, Luca; Furceri, Davide - 2008

Persistent link: https://www.econbiz.de/10003790452

Fiscal policy responsiveness, persistence and discretion

Afonso, António; Agnello, Luca; Furceri, Davide - 2008

We decompose fiscal policy in three components: i) responsiveness, ii) persistence and iii) discretion. Using a sample of 132 countries, our results point out that fiscal policy tends to be more persistent than to respond to output conditions. We also found that while the effect of cross-country...