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Decomposing and analysing the determinants of current accounts' cyclicality : evidence from the Euro area

Afonso, António; Jalles, João Tovar - In: Open economies review 30 (2019) 1, pp. 133-156

Persistent link: https://www.econbiz.de/10012153802

Decomposing and Analysing the Determinants of Current Accounts’ Cyclicality : Evidence from the Euro Area

Afonso, António - 2018

In this paper, we decompose the current account (CA) balance in 19 Euro area countries into cyclical and non-cyclical components. For the period 1999:Q1 to 2015:Q4, we compute income elasticities of imports and of exports via an alternative novel and improved approach by running time-varying...

Persistent link: https://www.econbiz.de/10012916486

Economics and financial adjustments in Europe

Afonso, António; Arghyrou, Michael Georgiou; … - In: Economic modelling 44 (2015), pp. 317-318

Persistent link: https://www.econbiz.de/10011326215

Assessing the Sustainability of External Imbalances in the European Union

Afonso, António - 2017

We assess the sustainability of the current account (CA) balance, net international investment position (NIIP) and net external debt (NED) in a sample of EU countries using two complementary approaches. First, we employ both time-series and panel-data stationarity tests of current account...

Persistent link: https://www.econbiz.de/10012955469

The Role of Fiscal Policies for External Imbalances : Evidence from the European Union

Afonso, António; Coelho, José - 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/10013247757

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