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Budgetary and external imbalances relationship : a panel data diagnostic
Afonso, António; Rault, Christophe - 2008
, using recent bootstrap panel cointegration techniques and SUR methods. We investigate the magnitude of the relationship … panel cointegration tests used allow for within and between correlation, while the SUR results show both positive and …We assess the cointegration relationship between current account and budget balances, and effective real exchange rates …
Persistent link: https://www.econbiz.de/10003803327
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Budgetary and External Imbalances Relationship : A Panel Data Diagnostic
Afonso, António; Rault, Christophe - 2021
, using recent bootstrap panel cointegration techniques and SUR methods. We investigate the magnitude of the relationship … panel cointegration tests used allow for within and between correlation, while the SUR results show both positive and …We assess the cointegration relationship between current account and budget balances, and effective real exchange rates …
Persistent link: https://www.econbiz.de/10013316457
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Twin deficits through the looking glass : time-varying analysis in the euro area
Afonso, António; Coelho, José Carlos - 2022
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
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60 %, -4 % and 6 %, a tale of thresholds for EU fiscal and current account developments
Afonso, António; Coelho, José Carlos - 2021
, using quarterly data from1995 to2020. Through the use of panel Granger causality tests and a panel SUR model, we conclude …
Persistent link: https://www.econbiz.de/10012649364
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The role of fiscal policies for external imbalances : evidence from the European Union
Afonso, António; Coelho, José Carlos - 2021
deficit of 0.318 pp of GDP, which supports the Twin Deficits Hypothesis. On the other hand, dynamic panel estimates partially …
Persistent link: https://www.econbiz.de/10012504606
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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 …
Persistent link: https://www.econbiz.de/10010264585
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Causality between external balance and (some) fiscal variables : preliminary results for the Eurozone
Carrasco, Carlos Alberto - In: Economics and Business Letters : EBL 5 (2016) 3, pp. 80-86
In this article, we present preliminary results, analyzing the causality between external balance and fiscal variables (primary public balance, interest paid on debt and overall public balance) within the so-called twin deficits hypothesis for a set of six Eurozone countries – three core...
Persistent link: https://www.econbiz.de/10011573231
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Budgetary and external imbalances relationship: a panel data diagnostic
Afonso, António; Rault, Christophe - 2008
, using recent bootstrap panel cointegration techniques and SUR methods. We investigate the magnitude of the relationship … panel cointegration tests used allow for within and between correlation, while the SUR results show both positive and …We assess the cointegration relationship between current account and budget balances, and effective real exchange rates …
Persistent link: https://www.econbiz.de/10011605007
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Budgetary and external imbalances relationship: a panel data diagnostic
Afonso, António; Rault, Christophe - 2009
, using recent bootstrap panel cointegration techniques and SUR methods. We investigate the magnitude of the relationship … panel cointegration tests used allow for within and between correlation, while the SUR results show both positive and …We assess the cointegration relationship between current account and budget balances, and effective real exchange rates …
Persistent link: https://www.econbiz.de/10010264569
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Testing the twin deficit hypothesis : evidence from the Republic of North Macedonia
Bucevska, Vesna - In: Business systems research : a system view accross … 11 (2020) 3, pp. 45-62
Background An econometric analysis of the twin deficit hypothesis is of special importance for the Republic of North Macedonia in view of its perspective membership in the European Union and from the point of view of its macroeconomic stability in the long run. Objectives The objective of this...
Persistent link: https://www.econbiz.de/10012414405