Afonso, António; Alves, José; Coelho, José Carlos; … - 2025
We implement a two-step analysis of fiscal and external causality patterns using a data set covering the 27 EU …. In the 2nd step, we use three recursive strategies, combined with Granger causality tests: forward expanding, rolling … crisis in 2010-2012, in Austria, France, Greece, Ireland, Netherlands, Slovakia and Spain, there was causality between fiscal …