Narrow search
Showing 1 - 10 of 546,461
Cover Image
Fiscal and current account imbalances : the cases of Germany and Portugal
Afonso, António; Coelho, José Carlos - 2021
and Germany. We find that the response of the current account balance to the budget balance is greater in Portugal than in … Germany. On the other hand, the response of the budget balance to the current balance is higher in Germany than in Portugal …. In Portugal and Germany, a fiscal rules index has a negative impact on the current account balance and the government …
Persistent link: https://www.econbiz.de/10014293956
Cover Image
The role of fiscal policies for external imbalances : evidence from the European Union
Afonso, António; Coelho, José Carlos - 2021
We revisit the relation between budget deficits and current account deficits for 28 European Union countries from 1996 to 2019. We find that an increase in budget deficit of 1 pp of GDP results in a deterioration of the current account deficit of 0.318 pp of GDP, which supports the Twin Deficits...
Persistent link: https://www.econbiz.de/10012504606
Cover Image
The role of fiscal policies for external imbalances : evidence from the European Union
Afonso, António; Coelho, José Carlos - In: Economic systems 46 (2022) 2, pp. 1-15
Persistent link: https://www.econbiz.de/10013429384
Cover Image
60 %, -4 % and 6 %, a tale of thresholds for EU fiscal and current account developments
Afonso, António; Coelho, José Carlos - 2021
We study the relationship between the budget balance and the current account balance for European Union(EU) countries, using quarterly data from1995 to2020. Through the use of panel Granger causality tests and a panel SUR model, we conclude that the relationship is bi-directional for the EU...
Persistent link: https://www.econbiz.de/10012649364
Cover Image
Fiscal consolidation and the current account : OECD evidence
Breuer, Christian; Nam, Chang-woon - 2020
We apply a "new" conventional (CAPB-based) measure of fiscal policy, which is less prone to endogeneity issues, and find that a 1-percent of GDP fiscal consolidation leads to the improvement of the current account-to-GDP ratio by approximately 0.8 percent of GDP, while previous research based on...
Persistent link: https://www.econbiz.de/10012157972
Cover Image
Fiscal consolidation and the current account : OECD evidence
Breuer, Christian; Nam, Chang-woon - 2020
We apply a "new" conventional (CAPB-based) measure of fiscal policy, which is less prone to endogeneity issues, and find that a 1-percent of GDP fiscal consolidation leads to the improvement of the current account-to-GDP ratio by approximately 0.8 percent of GDP, while previous research based on...
Persistent link: https://www.econbiz.de/10012162382
Cover Image
Twin deficits revisited : a role for fiscal institutions?
Afonso, António; Huart, Florence; Jalles, João Tovar; … - In: Journal of international money and finance 121 (2022), pp. 1-22
Persistent link: https://www.econbiz.de/10013433242
Cover Image
Current account targeting hypothesis versus twin deficit hypothesis : the EMU experience of Portugal
Afonso, António; Coelho, José Carlos - 2021
We study the relationship between the government budget balance and the current account balance for Portugal, using …
Persistent link: https://www.econbiz.de/10012595472
Cover Image
Foreign and public deficits in Greece : in search of causality
Nikiforos, Michalis; Carvalho, Laura; Schoder, Christian - 2013
This paper analyzes the trajectories of the Greek public deficit and sovereign debt over the last three decades and their connection to the political and economic environment, paying special attention to the causality between the public and the foreign deficit. The authors argue that, from 1980...
Persistent link: https://www.econbiz.de/10009773471
Cover Image
A structural VAR analysis of fiscal shocks on current accounts in Greece
Tiwari, Aviral Kumar; Suresh, K. G.; Mutascu, Mihai - In: Theoretical and applied economics : GAER review 22 (2015) 3, pp. 5-20
Persistent link: https://www.econbiz.de/10011561582