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In Lisbon the European Council proclaimed a European growth strategy. It considers an average economic "growth rate of around 3 percent as a realistic prospect for the coming years" and assigns public finances an important role in the process of achieving this goal. This paper addresses the...
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generation” panel techniques that control for correlation among the Laender. A unique identification strategy for the selection …
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for the full panel. Performing an expanding window analysis, we conclude that the differential between the long-term real …
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public debt ratio, indicating a Ricardian fiscal regime. Furthermore, in a panel framework: (ii) the response of revenues to …
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, using quarterly data from1995 to2020. Through the use of panel Granger causality tests and a panel SUR model, we conclude …
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