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Fiscal policy, interest rates and risk premia in open economy
Dell'Erba, Salvatore; Sola, Sergio - 2011
Factor Augmented Panel (FAP) to control for the presence of common unobservable factors. We construct a real-time dataset of … macroeconomic and fiscal variables for a panel of OECD countries for the period 1989-2009. We find that two global factors - the … global risk aversion. With respect to standard estimation techniques the use of the FAP reduces the importance of domestic …
Persistent link: https://www.econbiz.de/10010316733
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Expected fiscal policy and interest rates in open economy
Dell'Erba, Salvatore; Sola, Sergio - 2011
macroeconomic and fiscal variables in a panel of 17 OECD countries over the period 1989-2009. We show that, after controlling for … cross sectional dependence using a Factor Augmented Panel, interest rates are mostly related to global factors. Among …
Persistent link: https://www.econbiz.de/10008905388
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Expected fiscal policy and interest rates in open economy
Dell'Erba, Salvatore; Sola, Sergio - 2011
macroeconomic and fiscal variables in a panel of 17 OECD countries over the period 1989-2009. We show that, after controlling for … cross sectional dependence using a Factor Augmented Panel, interest rates are mostly related to global factors. Among …
Persistent link: https://www.econbiz.de/10010316727
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Natural rate estimates differ : by how much?
Bethencourt, Carlos; Stadtmann, Georg - 2019
We examine the natural rate of unemployment estimates of two international organizations (OECD and European Commission) and various release dates. Since estimates differ to a large extent, empirical research results which use natural rate estimates will also vary depending on the data source...
Persistent link: https://www.econbiz.de/10011970932
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Monetary developments and expansionary fiscal consolidations : evidence from the EMU
Afonso, António; Martins, Luís - 2014
Persistent link: https://www.econbiz.de/10011554870
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Monetary developments and expansionary fiscal consolidations : evidence from the EMU
Afonso, António; Martins, Luís - In: International journal of finance & economics : IJFE 21 (2016) 3, pp. 247-265
Persistent link: https://www.econbiz.de/10011560506
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Assessing fiscal episodes
Afonso, António; Jalles, João Tovar - In: Economic modelling 37 (2014), pp. 255-270
Persistent link: https://www.econbiz.de/10010417694
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(Non-)Keynesian effects of fiscal austerity : new evidence from a large sample
Afonso, António; Alves, José; Huart, Florence - 2021
We empirically assess whether a usually expected negative response of private consumption and private investment to a fiscal consolidation is reversed. We focus on a large sample of 174 countries between 1970 and 2018. We also employ three alternative measures of the Cyclically Adjusted Primary...
Persistent link: https://www.econbiz.de/10012504460
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The (non-)Keynesian effects of fiscal austerity : new evidence from a large sample
Afonso, António; Alves, José; Jalles, João Tovar - In: Economic systems 46 (2022) 2, pp. 1-16
Persistent link: https://www.econbiz.de/10013429383
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The effects of government expenditure on imports in the Eurozone reconsidered : evidence from panel data
Konstantakopoulou, Ioanna - In: Applied economics 50 (2018) 30, pp. 3231-3239
Persistent link: https://www.econbiz.de/10012038595