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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 … various measures of inflation such as headline inflation, core inflation, energy inflation, and food inflation affect the … estimate of fiscal sustainability found previously. Our findings indicate that higher inflation rates contribute positively to …

Persistent link: https://www.econbiz.de/10014444867

Revisiting Business Cycle Synchronisation in the European Union

Afonso, António - 2010

We assess the business cycle synchronization features of aggregate output in the 27 EU countries using annual data for the period 1970-2009. In particular, we compute measures of synchronisation for private consumption, government spending, gross fixed capital formation, exports and imports. Our...

Persistent link: https://www.econbiz.de/10013135661

Amplification des cycles : le rôle des facteurs financiers, des rigidités et des anticipations

Artus, Patrick - In: Recherches économiques de Louvain 58 (1992) 2, pp. 173-190

Persistent link: https://www.econbiz.de/10001139154

EMU Enlargement, Stabilisation Costs and Insurance Mechanisms

Afonso, António; Furceri, Davide - 2008

This paper considers the determinants of the macroeconomic costs of joining EMU for the new EU Member Sates, and compares them with those of the EMU members. Specifically, we investigate the business-cycle correlation between the candidate's economy and that of the euro area as a whole, and the...

Persistent link: https://www.econbiz.de/10014049118

Sectoral Business Cycle Synchronization in the European Union

Afonso, António - 2007

This paper analyses sectoral business cycle synchronization in an enlarged European Union using annual data for the period 1980-2005. In particular, we try to identify which sector for each country is driving the aggregate output business cycle synchronization. Overall, the sectors that provide...

Persistent link: https://www.econbiz.de/10012731298