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What do we really know about fiscal sustainability in the EU? A panel data diagnostic
Afonso, António; Rault, Christophe - 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/10011604866
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3-step analysis of public finances sustainability: the case of the European Union
Afonso, António; Rault, Christophe - 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/10011604954
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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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3-Step analysis of public finances sustainability: the case of the European Union
Afonso, António; Rault, Christophe - 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/10010264433
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Budgetary and external imbalances relationship: a panel data diagnostic
Afonso, António; Rault, Christophe - 2009
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/10010264569
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Budgetary and external imbalances relationship : a panel data diagnostic
Afonso, António; Rault, Christophe; Estay, Christophe - In: Journal of quantitative economics : official journal of … 11 (2013) 1/2, pp. 84-110
Persistent link: https://www.econbiz.de/10010338347
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Short- and long-run behaviour of long-term sovereign bond yields
Afonso, António; Rault, Christophe - In: Applied economics 47 (2015) 37/39, pp. 3971-3993
Persistent link: https://www.econbiz.de/10011294673
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Short and Long-run Behaviour of Long-term Sovereign Bond Yields
Afonso, António; Rault, Christophe - CESifo - 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/10008727299
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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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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