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The driving factors of EMU government bond yields : the role of debt, liquidity and fiscal councils

Pappas, Anastasios; Kostakis, Ioannis - In: International Journal of Financial Studies : open … 8 (2020) 3/53, pp. 1-12

This study presents empirical evidence about the determinants of long-term government bond yields for 19 economies of the European Monetary Union (EMU) over the period 1995-2018 within a multivariate panel framework. The fixed effects estimators reveal that the relationship between public debt...

Persistent link: https://www.econbiz.de/10012291891

Public debt - economic growth nexus in the WAMZ : are there different components threshold effects?

Olowofeso, Olorunsola E.; Wadda, Ebrima N.; Adeleke, … - 2023

This study presents novel empirical evidence on the optimal disaggregated public debt-growth threshold in the WAMZ over … the period 1996-2022. Determining the public debt-growth threshold in a disaggregated form is crucial for macroeconomic … capita income. Furthermore, they show that domestic debt appears to have less negative dampening effects on economic growth …

Persistent link: https://www.econbiz.de/10015045364

Fiscal transfers and fiscal sustainability

Potrafke, Niklas; Reischmann, Markus - 2014

We examine whether US and German state governments pursue sustainable fiscal policies taking into account fiscal transfers. Using panel data techniques we investigate whether the debt-to-GDP ratio had a positive influence on the primary surplus (Bohn-model). We show that including/excluding...

Persistent link: https://www.econbiz.de/10010260027

3-Step Analysis of Public Finances Sustainability : The Case of the European Union

Afonso, António - 2008

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 ratios. Secondly, we apply the bootstrap panel...

Persistent link: https://www.econbiz.de/10012770443

Fiscal Transfers and Fiscal Sustainability

Potrafke, Niklas - 2014

Persistent link: https://www.econbiz.de/10013055378

Fiscal Autonomy and Fiscal Sustainability : Subnational Taxation and Public Indebtedness in Contemporary Spain

Larin, Benjamin; Suessmuth, Bernd - 2021

This study assesses fiscal sustainability in contemporary Spain at the regional level. Spain consists of 17 autonomous regions, two fiscal regimes differing in taxing autonomy, and two path-dependent types of communities with more and less legislatively recognized autonomy. Three of the 17...

Persistent link: https://www.econbiz.de/10013315619

3-Step Analysis of Public Finances Sustainability : The Case of the European Union

Afonso, António; Rault, Christophe - 2021

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...

Persistent link: https://www.econbiz.de/10013316526