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The role of fiscal policies for external imbalances : evidence from the European Union

Afonso, António; Coelho, José Carlos - 2021

two deficits is asymmetric and the negative impact of the recent Eurozone banking and sovereign debt crisis on the current … positive impact of the budget balance on the current account balance is higher in the cases of non-Eurozone countries, high … budget deficit countries, and low exports countries, whereas it is lower in the cases of Eurozone countries, low budget …

Persistent link: https://www.econbiz.de/10012504606

Advances in monetary policy and macroeconomics

Arestis, Philip (ed.); Zezza, Gennaro (contributor) - 2007 - 1. publ.

There have been important advances in monetary economics and macroeconomics recently. In macroeconomics there has been the paramount development of the New Consensus Macroeconomics along with significant policy implications, thereby giving rise to the notion of New Monetary Policy. This book...

Persistent link: https://www.econbiz.de/10003373383

Advances in Monetary Policy and Macroeconomics

Arestis, Philip (ed.); Zezza, Gennaro (ed.) - 2007

This book deals with the key aspects of developments in monetary economics and macroeconomics, such as the New Consensus Macroeconomics, and further ones such as money, credit and the business cycle. Adding to the analysis are developments that focus on issues for open and spatial macroeconomics

Persistent link: https://www.econbiz.de/10012054267

Twin deficits through the looking glass : time-varying analysis in the euro area

Afonso, António; Coelho, José Carlos - 2022

Using two measures of the fiscal position, the cyclically adjusted primary budget balance (CAPB) and the total budget balance, we assess the Twin Deficit Hypothesis for the Euro Area in the period 1995-2020. Furthermore, we estimate time-varying coefficients of the current account balance...

Persistent link: https://www.econbiz.de/10012813893

60 %, -4 % and 6 %, a tale of thresholds for EU fiscal and current account developments

Afonso, António; Coelho, José Carlos - 2021

that the relationship is bi-directional for the EU panelas a whole. Furthermore, we find that in Eurozone countries, before … is greater. Conversely, in non-Eurozone countries, after 2010, in countries with a current account balance-to-GDP ratio …

Persistent link: https://www.econbiz.de/10012649364

The monetary transmission mechanism in the Euro Area : has it changed with the EMU? : a VAR approach, with fiscal policy and financial stress considerations

Afonso, António; Silva, António Jorge - 2014

Persistent link: https://www.econbiz.de/10011554780

Monetary developments and expansionary fiscal consolidations : evidence from the EMU

Afonso, António; Martins, Luís - 2014

Persistent link: https://www.econbiz.de/10011554870

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

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

Afonso, António (contributor); … - 2007

Persistent link: https://www.econbiz.de/10003594092

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

Afonso, António (contributor); … - 2007

We assess the sustainability of public finances in the EU15 over the period 1970-2006 using stationarity and cointegration analysis. Specifically, we use panel unit root tests of the first and second generation allowing in some cases for structural breaks. We also apply modern panel...

Persistent link: https://www.econbiz.de/10003599308