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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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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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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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Long-Term Government Bond Yields and Economic Forecasts : Evidence for the EU
Afonso, António - 2009
I use a panel of semi-annual vintages of growth and fiscal forecasts of the European Commission, covering the period …
Persistent link: https://www.econbiz.de/10014207902
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Long-Term Government Bond Yields and Economic Forecasts : Evidence for the EU
Afonso, António - 2010
I use a panel of semi-annual vintages of growth and fiscal forecasts of the European Commission, covering the period …
Persistent link: https://www.econbiz.de/10014189659
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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/10013306033
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Twin Deficits Through the Looking Glass : Time-Varying Analysis in the Euro Area
Afonso, António; Coelho, José - 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/10013307056
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The Role of Fiscal Policies for External Imbalances : Evidence from the European Union
Afonso, António; Coelho, José - 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/10013247757
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3-step analysis of public finances sustainability: the case of the European Union
Afonso, António; Rault, Christophe - 2008
specific panel unit root test to investigate the meanreverting behaviour of general government expenditure and revenue ratios …. Secondly, we apply the bootstrap panel cointegration techniques that account for the time series and cross … and revenues via SUR analysis. While results imply that public finances were not unsustainable for the EU panel, fiscal …
Persistent link: https://www.econbiz.de/10011604954
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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 …
Persistent link: https://www.econbiz.de/10011605007