balances. -- Budget balance ; external balance ; EU ; panel cointegration …, using recent bootstrap panel cointegration techniques and SUR methods. We investigate the magnitude of the relationship … between the two imbalances for each country for the period 1970-2007, and for different EU and OECD country groupings. The …

We study sovereign bond yields in OECD countries with a dynamic panel by checking for cross-section dependence …; assessing panel cointegration; and estimating panel error-correction models. The results show that markets consider budgetary … and external imbalances and inflation as relevant determinants of sovereign yields. -- long-term yields ; panel …

period 1970-2007, for different EU and OECD country groupings. We use the panel-data approach of Kónya (2006), which is based … budget deficits to current account deficits for several EU countries: Bulgaria, Czech Republic, Estonia, Finland, France … effective real exchange rate in the SUR system does not substantially alter the results. -- Panel causality tests ; budget …

-term yields ; EU ; financial integration ; panel cointegration ; bootstrap … period 1973-2008. We employ a dynamic panel approach to reflect financial and economic integration, and to increase the … estimator of Pesaran (2006) and on Panel Error Correction Models to sort out short- and long-run fiscal developments show that …

spend-and-tax strategy, implying adjustments of fiscal behaviour. -- panel causality ; fiscal policy ; EU …Using bootstrap panel analysis, allowing for cross-country correlation, without the need of pre-testing for unit roots …, we study the causality between government spending and revenue for the EU in the period 1960-2006. We find spend …

conclude for the existence of panel cointegration between government revenues and expenditures; primary government balance and …