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Fiscal Policy and Growth : Do Financial Crises Make a Difference?
Afonso, António; Grüner, Hans Peter; Kolerus, … - 2021
mitigate economic downturns in the short run and whether such impact differs in crisis and non crisis times. We use panel …
Persistent link: https://www.econbiz.de/10013316206
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Fiscal policy and growth: do financial crises make a difference?
Afonso, António; Grüner, Hans Peter; Kolerus, Christina - 2010
mitigate economic downturns in the short run and whether such impact differs in crisis and non crisis times. We use panel …
Persistent link: https://www.econbiz.de/10011605263
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Government Size, Composition, Volatility and Economic Growth
Afonso, António; Furceri, Davide - 2021
This paper analyses the effects in terms of size and volatility of government revenue and spending on growth in OECD and EU countries. The results of the paper suggest that both variables are detrimental to growth. In particular, looking more closely at the effect of each component of government...
Persistent link: https://www.econbiz.de/10013316642
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Economic Growth and Budgetary Components : A Panel Assessment for the EU
Afonso, António; Gonzalez-Alegre, Juan - 2021
European countries. We apply modern panel data techniques to the period 1970-2006, and we use three alternative dependent …
Persistent link: https://www.econbiz.de/10013316645
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Economic growth and budgetary components: a panel assessment for the EU
Afonso, António; González Alegre, Juan - 2008
European countries. We apply modern panel data techniques to the period 1970-2006, and we use three alternative dependent …
Persistent link: https://www.econbiz.de/10011604894
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The Determinants of Sovereign Bond Yield Spreads in the EMU
Afonso, António - 2015
We use a panel of euro area countries to assess the determinants of long-term sovereign bond yield spreads over the …
Persistent link: https://www.econbiz.de/10013021991
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What Do We Really Know about Fiscal Sustainability in the EU? A Panel Data Diagnostic
Afonso, António - 2007
cointegration analysis. Specifically, we use panel unit root tests of the first and second generation allowing in some cases for … structural breaks. We also apply modern panel cointegration techniques developed by Pedroni (1999, 2004), generalized by Banerjee … policy was sustainable both for the EU15 panel set, and within subperiods (1970-1991 and 1992-2006) …
Persistent link: https://www.econbiz.de/10012775987
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Government size, composition, volatility and economic growth
Afonso, António; Furceri, Davide - 2008
This paper analyses the effects in terms of size and volatility of government revenue and spending on growth in OECD and EU countries. The results of the paper suggest that both variables are detrimental to growth. In particular, looking more closely at the effect of each component of government...
Persistent link: https://www.econbiz.de/10011604895
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The Impact of Numerical Expenditure Rules on Budgetary Discipline Over the Cycle
Holm-Hadulla, Fédéric - 2010
mitigated by numerical expenditure rules. These hypotheses are tested against data from a panel of EU Member States. Our key …
Persistent link: https://www.econbiz.de/10013146218
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The impact of numerical expenditure rules on budgetary discipline over the cycle
Holm-Hadulla, Fédéric; Hauptmeier, Sebastian; Rother, … - 2010
mitigated by numerical expenditure rules. These hypotheses are tested against data from a panel of EU Member States. Our key …
Persistent link: https://www.econbiz.de/10011605215