We examine 22 determinants of stock market correlations in a panel setting with 651 country pairs of developed … current correlation being the best single predictor of the future stock market correlation (2) positive impact of the market …

We examine 22 determinants of stock market correlations in a panel setting with 651 country pairs of developed … current correlation being the best single predictor of the future stock market correlation (2) positive impact of the market …

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 …

. -- Fiscal sustainability ; EU ; panel cointegration …We use a 3-step analysis to assess the sustainability of public finances in the EU27. Firstly, we perform the SURADF … specific panel unit root test to investigate the mean-reverting behaviour of general government expenditures and revenues …

We use a 3-step analysis to assess the sustainability of public finances in the EU27. Firstly, we perform the SURADF … specific panel unit root test to investigate the meanreverting behaviour of general government expenditure and revenue ratios …. Secondly, we apply the bootstrap panel cointegration techniques that account for the time series and cross …

We examine the relationship between inflation and fiscal sustainability with a two-step approach. In the first step, we … estimate to estimate a country-specific time-varying measure of fiscal sustainability using the fiscal reaction function. This … estimate of fiscal sustainability found previously. Our findings indicate that higher inflation rates contribute positively to …

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 cointegration techniques developed by Pedroni (1999, 2004), generalized by Banerjee …