Fiscal Sustainability: The Unpleasant European Case

By António Afonso. 2004

347 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/bbc86875ac5254e2ff3b231f84f045429a29f566

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In Economics and Econometrics

Citations in the corpus

Ricardian fiscal regimes in the European Union (2008, background): “5 Afonso (2005) also reports fiscal policy sustainability results along this line.”
Expansionary fiscal consolidations in Europe: new evidence (2010, neutral): “…since a significant exchange rate depreciation occurred before and during the fiscal consolidations of Ireland and Denmark in the 1980s.3 Indeed, currency devaluations before or during ————— 2 For instance, Afonso (2005b) reports evidence of overall government Ricardian behaviour in the EU15.”
What is a Sustainable Public Debt (2015, background): “…large literature on indicators of public debt sustainability and empirical tests of fiscal solvency (e.g. Buiter (1985); Blanchard (1990); Blanchard, Chouraqui, Hagemann, and Sartor (1990); Chalk and Hemming (2000); IMF (2003); Afonso (2005); Bohn (2008); Neck and Sturm (2008) and Escolano (2010)).”
The Fourier approximation and testing for the null of cointegration (2016, background): “Also, Bravo and Silvestre (2002) and Afonso (2005) find limited evidence supporting cointegration in EU countries.”
Sustainability of Public Debt (2008, result): “These results provide a more optimistic picture than that of Afonso (2005), who found evidence for sustainable fiscal policies in most European countries only toward the end of the 1990s.”
Are stationarity and cointegration restrictions really necessary for the intertemporal budget constraint (2007, background): “Afonso (2005) provides a recent review of empirical work that documents the widespread use of unit root and cointegration tests.”