Showing 1 - 10 of 19,907
We build a factor-augmented interacted panel vector-autoregressive model of the Euro Area (EA) and estimate it with …
Persistent link: https://www.econbiz.de/10012102056
Persistent link: https://www.econbiz.de/10011481210
Persistent link: https://www.econbiz.de/10010419013
Using two measures of the fiscal position, the cyclically adjusted primary budget balance (CAPB) and the total budget balance, we assess the Twin Deficit Hypothesis for the Euro Area in the period 1995-2020. Furthermore, we estimate time-varying coefficients of the current account balance...
Persistent link: https://www.econbiz.de/10012813893
Persistent link: https://www.econbiz.de/10011575060
deficit of 0.318 pp of GDP, which supports the Twin Deficits Hypothesis. On the other hand, dynamic panel estimates partially … two deficits is asymmetric and the negative impact of the recent Eurozone banking and sovereign debt crisis on the current … positive impact of the budget balance on the current account balance is higher in the cases of non-Eurozone countries, high …
Persistent link: https://www.econbiz.de/10012504606
Persistent link: https://www.econbiz.de/10014336196
Current account imbalances have been a decisive feature of the European banking and sovereign debt crisis. This paper …
Persistent link: https://www.econbiz.de/10012992498
Persistent link: https://www.econbiz.de/10012241051
Persistent link: https://www.econbiz.de/10011290003