Similar Search Results

Assessing long-term fiscal developments : a new approach

Afonso, António; Agnello, Luca; Furceri, Davide - 2009

We use a new approach to assess long-term fiscal developments. By analyzing the time varying behaviour of the two components of government spending and revenue responsiveness and persistence - we are able to infer about the sources of fiscal behaviour. Drawing on quarterly data we estimate...

Persistent link: https://www.econbiz.de/10003832368

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 … balances. -- Budget balance ; external balance ; EU ; panel cointegration …

Persistent link: https://www.econbiz.de/10003808652

Quality of public finances and growth

Afonso, António; Ebert, Werner; Schuknecht, Ludger - In: The quality of public finances : findings of the …, (pp. 39-59). 2008

Persistent link: https://www.econbiz.de/10003859989

Spend-and-tax : a panel data investigation for the EU

Afonso, António; Rault, Christophe - 2009

, we study the causality between government spending and revenue for the EU in the period 1960-2006. We find spend … Finland and the UK, and for several EU New Member States. Moreover, in the run-up to EMU there was some shifting away from a … spend-and-tax strategy, implying adjustments of fiscal behaviour. -- panel causality ; fiscal policy ; EU …

Persistent link: https://www.econbiz.de/10003861754

Fiscal behaviour in the European Union : rules, fiscal decentralization and government indebtedness

Afonso, António; Hauptmeier, Sebastian - 2009

We assess the fiscal behaviour in the European Union countries for the period 1990-2005 via the responsiveness of budget balances to several determinants. The results show that the existence of effective fiscal rules, the degree of public spending decentralization, and the electoral cycle can...

Persistent link: https://www.econbiz.de/10003866536

Bootstrap panel Granger-causality between government budget and external deficits for the EU

Afonso, António; Rault, Christophe - 2009

period 1970-2007, for different EU and OECD country groupings. We use the panel-data approach of Kónya (2006), which is based … budget deficits to current account deficits for several EU countries: Bulgaria, Czech Republic, Estonia, Finland, France … deficit ; external imbalance ; real exchange rates ; EU ; OECD …

Persistent link: https://www.econbiz.de/10003818006