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Budgetary and External Imbalances Relationship: A Panel Data Diagnostic

Afonso, António; Rault, Christophe - CESifo - 2009

between the two imbalances for each country for the period 1970-2007, and for different EU and OECD country groupings. The …

Persistent link: https://www.econbiz.de/10005765818

Should we care for structural breaks when assessing fiscal sustainability?

Afonso, António; Rault, Christophe - William Davidson Institute, University of Michigan - 2008

sustainability in the overall EU15 panel. …

Persistent link: https://www.econbiz.de/10005784610

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

Afonso, António; Rault, Christophe - In: Economics Bulletin 29 (2009) 4, pp. 2542-2548

, 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 …

Persistent link: https://www.econbiz.de/10008562854

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

Afonso, António; Rault, Christophe - In: Economics Bulletin 29 (2009) 4, pp. 32-32

unit roots, we study the causality between government spending and revenue for the EU in the period 1960 1960-2006. We find … present for Germany, Belgium, Austria Finland and the UK, and for several EU New Member States. Moreover, in the run run-up to …

Persistent link: https://www.econbiz.de/10008562955

Bootstrap panel Granger-causality between government spending and revenue in the EU

Afonso, António; Rault, Christophe - William Davidson Institute, University of Michigan - 2009

, we study the causality between government revenue and spending for the EU in the period 1960-2006. Spend …, Austria, Finland and the UK, and for several EU New Member States. …

Persistent link: https://www.econbiz.de/10008529002

Fiscal Policy and Growth: Do Financial Crises make a Difference?

Afonso, António; Grüner, Hans Peter; Kolerus, Christina - ISEG - School of Economics and Management, Department … - 2010

In this paper we assess to what extent in the existence of a financial crisis, government spending can contribute to mitigate economic downturns in the short run and whether such impact differs in crisis and non crisis times. We use panel analysis for a set of OECD and non-OECD countries for the...

Persistent link: https://www.econbiz.de/10008483880

Fiscal policy and growth: do financial crises make a difference?

Afonso, António; Grüner, Hans Peter; Kolerus, Christina - European Central Bank - 2010

Persistent link: https://www.econbiz.de/10008550451

What We Really Know about Fiscal Sustainability in the EU? A Panel Data Diagnostic.

Afonso, António; Rault, Christophe - ISEG - School of Economics and Management, Department … - 2007

We assess the sustainability of public finances in the EU15 over the period 1970-2006 using stationarity and … structural breaks. We also apply modern panel cointegration techniques developed by Pedroni (1999, 2004), generalized by Banerjee … policy was sustainable both for the EU15 panel set, and within subperiods (1970-1991 and 1992-2006). …

Persistent link: https://www.econbiz.de/10005593005

Euler Testing Ricardo and Barro in the EUs

Afonso, António - ISEG - School of Economics and Management, Department … - 2008

, indicate that it would be wise to reject the debt neutrality hypothesis for the EU and that higher government indebtedness …

Persistent link: https://www.econbiz.de/10005593009

Should we Care for Structural Breaks When Assessing Fiscal Sustainability?

Afonso, António; Rault, Christophe - ISEG - School of Economics and Management, Department … - 2008

sustainability in the overall EU15 panel. …

Persistent link: https://www.econbiz.de/10005593048