Antonio Afonso

University of Lisbon - School of Economics and Management

Rua do Quelhas, n.º 6

Lisbon, 1200-781

Portugal

UECE (Research Unit on Complexity and Economics)

Rua Miguel Lupi 20

Lisbon, 1249-078

Portugal

http://www.iseg.utl.pt/~uece/

SCHOLARLY PAPERS

140

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CITATIONS
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586

Scholarly Papers (140)

1.
Downloads 953 ( 17,473)
Citation 62

Public Sector Efficiency: An International Comparison

ECB Working Paper Series No. 242
Number of pages: 38 Posted: 22 Sep 2003
Antonio Afonso, Ludger Schuknecht and Vito Tanzi
University of Lisbon - School of Economics and Management, European Central Bank (ECB) and International Monetary Fund (IMF)
Downloads 953 (17,135)
Citation 62

Abstract:

Government expenditure, Efficiency, Free Disposable Hull, Production possibility frontier

Public Sector Efficiency: An International Comparison

Public Choice, Vol. 123, No. 3-4, pp. 321-347, January 2005
Posted: 11 Aug 2005
Antonio Afonso, Ludger Schuknecht and Vito Tanzi
University of Lisbon - School of Economics and Management, European Central Bank (ECB) and International Monetary Fund (IMF)

Abstract:

Government expenditure, efficiency, free disposable hull, production possibility frontier

2.

What 'Hides' Behind Sovereign Debt Ratings?

ECB Working Paper No. 711
Number of pages: 67 Posted: 19 Jan 2007
Antonio Afonso, Pedro M. Gomes Sr. and Philipp Rother
University of Lisbon - School of Economics and Management, Universidad Carlos III de Madrid and European Central Bank (ECB)
Downloads 781 (20,586)
Citation 19

Abstract:

credit ratings, sovereign debt, rating agencies, panel data, random effects ordered probit

3.

Non-parametric Approaches to Education and Health Expenditure Efficiency in OECD Countries

ISEG-UTL Economics Working Paper No. 1/2004/DE/CISEP/UECE
Number of pages: 34 Posted: 18 Feb 2004
Antonio Afonso and Miguel St. Aubyn
University of Lisbon - School of Economics and Management and Technical University of Lisbon - ISEG (School of Economics and Management)
Downloads 665 (24,961)
Citation 34

Abstract:

expenditure and education, expenditure and health, expenditure efficiency, production possibility frontier, FDH, DEA

4.

Understanding the Determinants of Government Debt Ratings: Evidence for the Two Leading Agencies

Number of pages: 29 Posted: 20 Feb 2002
Antonio Afonso
University of Lisbon - School of Economics and Management
Downloads 555 (34,946)
Citation 17

Abstract:

Credit ratings, sovereign debt

5.

Quality of Public Finances and Growth

ECB Working Paper No. 438
Number of pages: 47 Posted: 28 Feb 2005
University of Lisbon - School of Economics and Management, Bundesministerium der Finanzen, European Central Bank (ECB) and FiFo Institute for Public Economics, University of Cologne
Downloads 458 (39,610)
Citation 10

Abstract:

quality of public finances, efficiency, growth

6.

An Assessment of Telecommunications Regulation Performance in the European Union

ISEG Economics Working Paper No. 07/2006/DE/UECE
Number of pages: 39 Posted: 15 May 2006
Antonio Afonso and Carla Scaglioni
University of Lisbon - School of Economics and Management and IUBH School of Business and Management
Downloads 437 (49,087)
Citation 1

Abstract:

Technical efficiency, DEA, telecommunications, regulated industries, National Regulatory Authorities, European Union

Public Sector Efficiency: Evidence for New EU Member States and Emerging Markets

ECB Working Paper No. 581
Number of pages: 52 Posted: 02 Feb 2006
Antonio Afonso, Ludger Schuknecht and Vito Tanzi
University of Lisbon - School of Economics and Management, European Central Bank (ECB) and Inter-American Development Bank (IADB)
Downloads 426 (51,802)
Citation 21

Abstract:

government expenditure, efficiency, DEA, new EU member states, emerging markets

Public Sector Efficiency: Evidence for New EU Member States and Emerging Markets

Applied Economics, Vol. 42, No. 17, pp. 2147-2164, 2010
Posted: 13 Jun 2010 Last Revised: 12 Aug 2010
Antonio Afonso, Ludger Schuknecht and Vito Tanzi
University of Lisbon - School of Economics and Management, European Central Bank (ECB) and Inter-American Development Bank (IADB)

Abstract:

government expenditure, efficiency, DEA, new EU member states, emerging markets

Credit Rationing and Monetary Transmission: Evidence for Portugal

ISEG Economics Department Working Paper No. 7/98
Number of pages: 22 Posted: 17 Sep 2002
Antonio Afonso and Miguel St. Aubyn
University of Lisbon - School of Economics and Management and Technical University of Lisbon - ISEG (School of Economics and Management)
Downloads 289 (81,701)
Citation 1

Abstract:

credit rationing, credit market, banking, causality tests, Portugal

Credit Rationing and Monetary Transmission: Evidence for Portugal

Estudos de Economia, Vol. 19, No. 1, pp. 5-19, 1999
Number of pages: 15 Posted: 08 Mar 2004
Antonio Afonso and Miguel St. Aubyn
University of Lisbon - School of Economics and Management and Technical University of Lisbon - ISEG (School of Economics and Management)
Downloads 51 (315,002)
Citation 1

Abstract:

credit rationing, credit market, banking, causality tests, Portugal

9.

Intermediaries, Financial Markets and Growth: Some More International Evidence

ISEG-UTL Department of Economics Working Paper No. 2/2003/DE/CISEP
Number of pages: 25 Posted: 21 May 2003
University of Lisbon - School of Economics and Management, Technical University of Lisbon (UTL) - School of Economics and Management, Technical University of Lisbon (UTL) - School of Economics and Management, Technical University of Lisbon (UTL) - School of Economics and Management and Technical University of Lisbon (UTL) - School of Economics and Management
Downloads 333 (67,764)
Citation 1

Abstract:

Financial system, Economic growth, Panel analysis

Non-Linear Tests Of Weakly Efficient Markets: Evidence From Portugal

ISEG Economics Department Working Paper No. 6/98
Number of pages: 24 Posted: 14 Nov 2003
Antonio Afonso and João Teixeira
University of Lisbon - School of Economics and Management and Winton Capital Management
Downloads 225 (106,696)

Abstract:

market efficiency, non-linearity tests, stock market, Portugal

Non-Linear Tests of Weakly Efficient Markets: Evidence from Portugal

Estudos de Economia, Vol. 9, No. 2, pp. 169-187, 1999
Number of pages: 19 Posted: 18 Apr 2005
Antonio Afonso and João Teixeira
University of Lisbon - School of Economics and Management and Winton Capital Management
Downloads 103 (209,065)

Abstract:

Market efficiency, non-linearity tests, stock market, Portugal

11.

Efficiency of Local Government Spending: Evidence for the Lisbon Region

Number of pages: 32 Posted: 20 Nov 2003
Antonio Afonso and Sónia Fernandes
University of Lisbon - School of Economics and Management and Technical University of Lisbon
Downloads 317 (65,453)
Citation 11

Abstract:

municipal expenditure, efficiency, production possibility frontier, FDH

12.

Public Services Efficiency Provision in Italian Regions: A Non-Parametric Analysis

ISEG-UTL Economics Working Paper No. 2/2005/DE/CISEP
Number of pages: 25 Posted: 28 Mar 2005
Antonio Afonso and Carla Scaglioni
University of Lisbon - School of Economics and Management and IUBH School of Business and Management
Downloads 299 (74,630)
Citation 2

Abstract:

Technical efficiency, DEA, regional expenditure, Italy

13.

Non-Keynesian Effects of Fiscal Policy in the EU-15

ISEG Economics Department Working Paper No. 7/2001/DE/CISEP
Number of pages: 47 Posted: 09 Jul 2002
Antonio Afonso
University of Lisbon - School of Economics and Management
Downloads 283 (75,955)
Citation 12

Abstract:

fiscal policy, expansionary fiscal contractions, non-Keynesian effects

Fiscal Policy Events and Interest Rate Swap Spreads: Evidence from the EU

ECB Working Paper No. 303
Number of pages: 53 Posted: 13 Feb 2004
Antonio Afonso and Rolf Strauch
University of Lisbon - School of Economics and Management and European Central Bank (ECB)
Downloads 274 (86,692)
Citation 26

Abstract:

Fiscal policy events, Stability and Growth Pact, interest rate swap spreads

Fiscal Policy Events and Interest Rate Swap Spreads: Evidence from the EU

Journal of International Financial Markets, Institutions and Money, Vol. 17, No. 3, pp. 261-276, 2007
Posted: 11 Jun 2007
Antonio Afonso and Rolf Strauch
University of Lisbon - School of Economics and Management and European Central Bank (ECB)

Abstract:

fiscal policy events, Stability and Growth Pact, interest rate swap spreads

15.

Relative Efficiency of Health Provision: A DEA Approach with Non-Discretionary Inputs

ISEG-UTL Economics Working Paper No. 33/2006/DE/UECE
Number of pages: 32 Posted: 27 Dec 2006
Antonio Afonso and Miguel St. Aubyn
University of Lisbon - School of Economics and Management and Technical University of Lisbon - ISEG (School of Economics and Management)
Downloads 268 (72,100)
Citation 5

Abstract:

technical efficiency, health, DEA, bootstrap, semi-parametric

The Determinants of Sovereign Bond Yield Spreads in the EMU

ISEG Economics Working Paper No. 36/2012/DE/UECE
Number of pages: 40 Posted: 24 Feb 2013
University of Lisbon - School of Economics and Management, Cardiff Business School and University of Glasgow - Department of Economics
Downloads 209 (114,913)
Citation 2

Abstract:

sovereign yields, government debt, panel analysis, credit ratings

The Determinants of Sovereign Bond Yield Spreads in the EMU

ECB Working Paper No. 1781
Number of pages: 39 Posted: 30 May 2015
University of Lisbon - School of Economics and Management, Cardiff Business School and University of Glasgow - Department of Economics
Downloads 48 (324,026)
Citation 2

Abstract:

sovereign yields, government debt, panel analysis, credit ratings

17.

The Macroeconomic Effects of Fiscal Policy

ECB Working Paper No. 991
Number of pages: 55 Posted: 25 Jan 2009
Antonio Afonso and Ricardo M. Sousa
University of Lisbon - School of Economics and Management and University of Minho
Downloads 250 (93,367)
Citation 24

Abstract:

fiscal policy, Bayesian Structural VAR, debt dynamics

18.

Fiscal Policy Sustainability: Some Unpleasant European Evidence

ISEG Working Paper No. 12/2000/DE/CISEP
Number of pages: 34 Posted: 11 Jul 2002
Antonio Afonso
University of Lisbon - School of Economics and Management
Downloads 247 (91,848)
Citation 36

Abstract:

Deficit finance, inter-temporal budget constraint, fiscal policy sustainability

Sovereign Credit Ratings and Financial Markets Linkages: Application to European Data

ECB Working Paper No. 1347
Number of pages: 45 Posted: 02 Jun 2011
Antonio Afonso, Davide Furceri and Pedro M. Gomes Sr.
University of Lisbon - School of Economics and Management, University of Palermo and Universidad Carlos III de Madrid
Downloads 238 (100,741)
Citation 7

Abstract:

credit ratings, sovereign yields, rating agencies

Sovereign Credit Ratings and Financial Markets Linkages: Application to European Data

Journal of International Money and Finance, Vol. 31, No. 3, 2012
Posted: 24 Jun 2012
Antonio Afonso, Davide Furceri and Pedro M. Gomes Sr.
University of Lisbon - School of Economics and Management, University of Palermo and Universidad Carlos III de Madrid

Abstract:

credit ratings, sovereign yields, rating agencies

20.

Students and Teachers: A DEA Approach to the Relative Efficiency of Portuguese Public Universities

ISEG-UTL Economics Working Paper No. 07/2005/DE/CISEP
Number of pages: 32 Posted: 12 Jul 2005
Antonio Afonso and Mariana Santos
University of Lisbon - School of Economics and Management and Economic Research and Forecasting Department (DGEP)
Downloads 214 (105,263)
Citation 1

Abstract:

tertiary education, efficiency, production possibility frontier, DEA

Government Size, Composition, Volatility and Economic Growth

ECB Working Paper No. 849
Number of pages: 45 Posted: 27 Jan 2008
Antonio Afonso and Davide Furceri
University of Lisbon - School of Economics and Management and University of Palermo
Downloads 205 (117,111)
Citation 15

Abstract:

fiscal policy, government size, fiscal volatility, economic growth

Government Size, Composition, Volatility and Economic Growth

European Journal of Political Economy, Vol. 26, No. 4, pp. 517–532, 2010,
Posted: 01 Nov 2010
Antonio Afonso and Davide Furceri
University of Lisbon - School of Economics and Management and University of Palermo

Abstract:

Fiscal policy, Government size, Fiscal volatility, Economic growth

22.
Downloads 203 (118,549)
Citation 5

Ordered Response Models for Sovereign Debt Ratings

ISEG-UTL Economics Working Paper No. 34/2006/DE/UECE
Number of pages: 10 Posted: 27 Dec 2006
Antonio Afonso, Pedro M. Gomes Sr. and Philipp Rother
University of Lisbon - School of Economics and Management, Universidad Carlos III de Madrid and European Central Bank (ECB)
Downloads 203 (118,228)
Citation 5

Abstract:

ordered probit, ordered logit, random effects ordered probit, sovereign rating

Ordered Response Models for Sovereign Debt Ratings

Applied Economics Letters, Vol. 16, No. 8, pp. 769-773, 2009
Posted: 14 May 2009
Antonio Afonso, Pedro M. Gomes Sr. and Philipp Rother
University of Lisbon - School of Economics and Management, Universidad Carlos III de Madrid and European Central Bank (ECB)

Abstract:

ordered probit, ordered logit, random effects ordered probit, sovereign rating

Bootstrap Panel Granger-Causality between Government Budget and External Deficits for the EU

CESifo Working Paper Series No. 2581
Number of pages: 22 Posted: 16 Mar 2009
Antonio Afonso and Christophe Rault
University of Lisbon - School of Economics and Management and University of Orleans
Downloads 127 (178,680)

Abstract:

panel causality tests, budget deficit, external imbalance, real exchange rates, EU, OECD

Bootstrap Panel Granger-Causality between Government Budget and External Deficits for the EU

ISEG-UTL Economics Working Paper No. 02/2009/DE/UECE
Number of pages: 18 Posted: 23 Jan 2009
Antonio Afonso and Christophe Rault
University of Lisbon - School of Economics and Management and University of Orleans
Downloads 75 (256,840)

Abstract:

panel causality tests, budget deficit, external imbalance, real exchange rates, EU, OECD

Bootstrap Panel Granger-Causality between Government Budget and External Deficits for the EU

Economics Bulletin, Vol. 29, No. 2, pp. 1036-1043, 2009
Posted: 25 Oct 2009
Antonio Afonso and Christophe Rault
University of Lisbon - School of Economics and Management and University of Orleans

Abstract:

panel causality tests, budget deficit, external imbalance, real exchange rates, EU, OECD

24.

A DEA Approach to the Relative Efficiency of Portuguese Public Universities

Portuguese Journal of Management Studies, Vol. 13, No. 1, pp. 67-87, 2008
Number of pages: 21 Posted: 04 Mar 2008 Last Revised: 17 Jul 2008
Antonio Afonso and Mariana Santos
University of Lisbon - School of Economics and Management and Economic Research and Forecasting Department (DGEP)
Downloads 202 (107,593)
Citation 1

Abstract:

tertiary education, efficiency, DEA, Portugal

25.

Assessing and Explaining the Relative Efficiency of Local Government: Evidence for Portuguese Municipalities

ISEG Economics Working Paper 19/2005/DE/UECE
Number of pages: 41 Posted: 16 Dec 2005
Antonio Afonso and Sónia Fernandes
University of Lisbon - School of Economics and Management and Technical University of Lisbon
Downloads 202 (98,222)

Abstract:

local government, expenditure efficiency, technical efficiency, DEA, Tobit models

26.

Public Tertiary Education Expenditure in Portugal: A Non-Parametric Efficiency Analysis

ISEG-UTL Economics Working Paper No. 05/2004/DE/CISEP
Number of pages: 29 Posted: 22 Jun 2004
Antonio Afonso and Mariana Santos
University of Lisbon - School of Economics and Management and Economic Research and Forecasting Department (DGEP)
Downloads 202 (116,911)
Citation 1

Abstract:

Expenditure in tertiary education, efficiency, production possibility frontier, DEA

27.

Disturbing the Fiscal Theory of the Price Level: Can it Fit the EU-15?

ISEG-UTL Dept. of Economics Working Paper No. 1/2002/DE/CISEP
Number of pages: 33 Posted: 27 May 2002
Antonio Afonso
University of Lisbon - School of Economics and Management
Downloads 180 (125,431)
Citation 5

Abstract:

fiscal theory of the price level, fiscal policy, EU-15, panel data models

What Do We Really Know about Fiscal Sustainability in the EU? A Panel Data Diagnostic

ECB Working Paper No. 820
Number of pages: 56 Posted: 01 Nov 2007
Antonio Afonso and Christophe Rault
University of Lisbon - School of Economics and Management and University of Orleans
Downloads 95 (221,138)
Citation 18

Abstract:

intertemporal budget constraint, fiscal sustainability, EU, panel unit root, panel cointegration

What Do We Really Know About Fiscal Sustainability in the EU? A Panel Data Diagnostic

CESifo Working Paper Series No. 2226
Number of pages: 52 Posted: 26 Feb 2008
Antonio Afonso and Christophe Rault
University of Lisbon - School of Economics and Management and University of Orleans
Downloads 77 (252,822)
Citation 18

Abstract:

intertemporal budget constraint, fiscal sustainability, EU, panel unit root, panel cointegration

What Do We Really Know about Fiscal Sustainability in the EU? A Panel Data Diagnostic

Review of World Economics, Vol. 145, No. 4, pp. 731-755, 2010
Posted: 23 Feb 2010
Antonio Afonso and Christophe Rault
University of Lisbon - School of Economics and Management and University of Orleans

Abstract:

intertemporal budget constraint, fiscal sustainability, EU, panel unit root, panel cointegration

Cross-country Efficiency of Secondary Education Provision: A Semi-parametric Analysis with Non-discretionary Inputs

ECB Working Paper No. 494
Number of pages: 39 Posted: 21 Jun 2005
Antonio Afonso and Miguel St. Aubyn
University of Lisbon - School of Economics and Management and Technical University of Lisbon - ISEG (School of Economics and Management)
Downloads 171 (138,884)
Citation 27

Abstract:

education, technical efficiency, DEA, bootstrap, semi-parametric

Cross-Country Efficiency of Secondary Education Provision: A Semi-Parametric Analysis with Non-Discretionary Inputs

Economic Modelling, Vol. 23, No. 3, pp. 476-491, 2006
Posted: 30 May 2006
Antonio Afonso and Miguel St. Aubyn
University of Lisbon - School of Economics and Management and Technical University of Lisbon - ISEG (School of Economics and Management)

Abstract:

education, technical efficiency, DEA, bootstrap, semi-parametric

30.

Assessing Hospital Efficiency: Non-Parametric Evidence for Portugal

ISEG-UTL Economics Working Paper No. 07/2008/DE/UECE
Number of pages: 39 Posted: 11 Feb 2008
Antonio Afonso and Sónia Fernandes
University of Lisbon - School of Economics and Management and Technical University of Lisbon
Downloads 170 (123,634)
Citation 1

Abstract:

Public hospitals, Data Envelopment Analysis, Malmquist indices, Portugal

The Macroeconomic Effects of Fiscal Policy in Portugal: A Bayesian SVAR Analysis

ISEG-UTL Department of Economics Working Paper No. 09/2009/DE/UECE, University of Minho, NIPE Working Paper No. 3/2009
Number of pages: 31 Posted: 05 Feb 2009 Last Revised: 11 Feb 2009
Antonio Afonso and Ricardo M. Sousa
University of Lisbon - School of Economics and Management and University of Minho
Downloads 168 (141,122)
Citation 7

Abstract:

B-SVAR, fiscal policy, debt dynamics, Portugal

The Macroeconomic Effects of Fiscal Policy in Portugal: A Bayesian SVAR Analysis

Portuguese Economic Journal, Vol. 10, No. 1, 2011
Posted: 25 Apr 2011
Antonio Afonso and Ricardo M. Sousa
University of Lisbon - School of Economics and Management and University of Minho

Abstract:

32.

Macroeconomic Rates of Return of Public and Private Investment: Crowding-In and Crowding-Out Effects

ECB Working Paper No. 864, Manchester School, Vol. 77, No. S1, pp. 21-39, 2009
Number of pages: 56 Posted: 26 Feb 2008
Antonio Afonso and Miguel St. Aubyn
University of Lisbon - School of Economics and Management and Technical University of Lisbon - ISEG (School of Economics and Management)
Downloads 168 (127,910)
Citation 6

Abstract:

Fiscal policy, public investment, private investment, impulse response, vector autoregression, European Union

33.
Downloads 163 (144,853)
Citation 2

Growth and Productivity: The Role of Government Debt

Technical University of Lisbon Department of Economics Working Paper No. 13/2011/DE/UECE
Number of pages: 43 Posted: 24 Jul 2011
Antonio Afonso and João Tovar Jalles
University of Lisbon - School of Economics and Management and International Monetary Fund (IMF)
Downloads 163 (144,922)
Citation 2

Abstract:

government debt, crises, panel analysis

Growth and Productivity: The Role of Government Debt

International Review of Economics & Finance, Forthcoming
Posted: 24 Jun 2012
Antonio Afonso and João Tovar Jalles
University of Lisbon - School of Economics and Management and International Monetary Fund (IMF)

Abstract:

government debt, crises, panel analysis

Sectoral Business Cycle Synchronization in the European Union

ISEG-UTL Economics Working Paper No. 02/2007/DE/UECE
Number of pages: 26 Posted: 03 Jan 2007
Antonio Afonso and Davide Furceri
University of Lisbon - School of Economics and Management and University of Palermo
Downloads 161 (146,538)
Citation 9

Abstract:

EMU Enlargement, Stabilisation, Synchronization, Sectoral Business Cycle

Sectoral Business Cycle Synchronization in the European Union

Economics Bulletin, Vol. 29, No. 4, pp. 2996-3014, 2009
Posted: 07 Dec 2009
Antonio Afonso and Davide Furceri
University of Lisbon - School of Economics and Management and University of Palermo

Abstract:

EMU Enlargement, Stabilisation, Synchronization, Sectoral Business Cycle

Income Distribution Determinants and Public Spending Efficiency

ECB Working Paper No. 861
Number of pages: 55 Posted: 01 Feb 2008
Antonio Afonso, Ludger Schuknecht and Vito Tanzi
University of Lisbon - School of Economics and Management, European Central Bank (ECB) and Inter-American Development Bank (IADB)
Downloads 150 (155,838)
Citation 2

Abstract:

income redistribution, public spending, efficiency, DEA

Income Distribution Determinants and Public Spending Efficiency

Journal of Economic Inequality, Vol. 6, No. 3, pp. 367-389, 2010
Posted: 18 Jul 2010 Last Revised: 13 Sep 2010
Antonio Afonso, Ludger Schuknecht and Vito Tanzi
University of Lisbon - School of Economics and Management, European Central Bank (ECB) and Inter-American Development Bank (IADB)

Abstract:

Income Redistribution, Public Spending, Efficiency, DEA

36.

Fiscal Developments and Financial Stress: A Threshold VAR Analysis

ECB Working Paper No. 1319
Number of pages: 62 Posted: 11 Apr 2011
Antonio Afonso, Jaromir Baxa and Michal Slavik
University of Lisbon - School of Economics and Management, Charles University in Prague - Institute of Economic Studies and European Central Bank (ECB) - Directorate General Economics
Downloads 149 (114,152)
Citation 1

Abstract:

fiscal policy, financial markets, threshold VAR

37.

Fiscal Behaviour in the European Union: Rules, Fiscal Decentralization and Government Indebtedness

ECB Working Paper No. 1054
Number of pages: 47 Posted: 07 May 2009
Antonio Afonso and Sebastian Hauptmeier
University of Lisbon - School of Economics and Management and European Central Bank (ECB) - Directorate General Economics
Downloads 149 (134,664)
Citation 2

Abstract:

fiscal regimes, fiscal rules, fiscal decentralization, European Union, panel Data

38.
Downloads 145 (160,202)
Citation 2

Fiscal Policy, Housing and Stock Prices

ECB Working Paper No. 990
Number of pages: 45 Posted: 02 Feb 2009
Antonio Afonso and Ricardo Sousa
University of Lisbon - School of Economics and Management and University of Minho - Department of Economics
Downloads 101 (211,912)
Citation 2

Abstract:

Bayesian Structural VAR, fiscal policy, housing prices, stock prices

Fiscal Policy, Housing and Stock Prices

ECB Working Paper No. 990
Number of pages: 45 Posted: 25 Jan 2009
Antonio Afonso and Ricardo M. Sousa
University of Lisbon - School of Economics and Management and University of Minho
Downloads 44 (336,328)
Citation 2

Abstract:

Bayesian Structural VAR, fiscal policy, housing prices, stock prices

39.

Long-Run Determinants of Sovereign Yields

CESifo Working Paper Series No. 3155
Number of pages: 13 Posted: 17 Aug 2010
Antonio Afonso and Christophe Rault
University of Lisbon - School of Economics and Management and University of Orleans
Downloads 143 (149,589)
Citation 9

Abstract:

long-term yields, panel cointegration, bootstrap

3-Step Analysis of Public Finances Sustainability: The Case of the European Union

ECB Working Paper No. 908
Number of pages: 48 Posted: 01 Jul 2008 Last Revised: 08 Jul 2008
Antonio Afonso and Christophe Rault
University of Lisbon - School of Economics and Management and University of Orleans
Downloads 68 (271,781)
Citation 1

Abstract:

fiscal sustainability, EU, panel cointegration

3-Step Analysis of Public Finances Sustainability: The Case of the European Union

CESifo Working Paper Series No. 2393
Number of pages: 47 Posted: 09 Sep 2008
Antonio Afonso and Christophe Rault
University of Lisbon - School of Economics and Management and University of Orleans
Downloads 68 (271,781)
Citation 1

Abstract:

fiscal sustainability, EU, panel cointegration

41.

Fiscal Policy and Growth: Do Financial Crises Make a Difference?

ECB Working Paper No. 1217
Number of pages: 42 Posted: 28 Jun 2010
University of Lisbon - School of Economics and Management, University of Mannheim and University of Mannheim - Center for Doctoral Studies in Economics and Management (CDSEM)
Downloads 130 (142,549)
Citation 2

Abstract:

fiscal policy, financial crisis, growth, OECD, EU, panel analysis

42.
Downloads 118 (188,367)
Citation 4

Interactions between Private and Public Sector Wages

ECB Working Paper No. 971
Number of pages: 57 Posted: 29 Nov 2008
Antonio Afonso and Pedro M. Gomes Sr.
University of Lisbon - School of Economics and Management and Universidad Carlos III de Madrid
Downloads 94 (222,683)
Citation 4

Abstract:

public wages, private wages, employment

Interactions between Private and Public Sector Wages

IZA Discussion Paper No. 5322
Number of pages: 35 Posted: 22 Nov 2010
Antonio Afonso and Pedro M. Gomes Sr.
University of Lisbon - School of Economics and Management and Universidad Carlos III de Madrid
Downloads 24 (418,066)
Citation 4

Abstract:

public sector wages, private sector wages, employment, fiscal policy

Economic Growth and Budgetary Components: A Panel Assessment for the EU

ECB Working Paper No. 848
Number of pages: 56 Posted: 27 Jan 2008
Antonio Afonso and Juan Gonzalez Sr.
University of Lisbon - School of Economics and Management and European University Institute
Downloads 115 (192,872)
Citation 2

Abstract:

economic growth, panel models, fiscal policy

Economic Growth and Budgetary Components: A Panel Assessment for the EU

Empirical Economics, Forthcoming
Posted: 13 Jun 2010
Antonio Afonso and Juan Gonzalez Sr.
University of Lisbon - School of Economics and Management and European University Institute

Abstract:

Economic growth, Panel models, Fiscal policy, EU

Revisiting Fiscal Sustainability: Panel Cointegration and Structural Breaks in OECD Countries

ECB Working Paper No. 1465
Number of pages: 40 Posted: 05 Sep 2012
Antonio Afonso and João Tovar Jalles
University of Lisbon - School of Economics and Management and International Monetary Fund (IMF)
Downloads 93 (224,359)

Abstract:

debt, primary balance, fiscal regimes, stationarity, breaks, causality, panel cointegration, FMOLS

Revisiting Fiscal Sustainability: Panel Cointegration and Structural Breaks in OECD Countries

ISEG Economics Working Paper No. 29/2012/DE/UECE
Number of pages: 39 Posted: 25 Nov 2012
Antonio Afonso and João Tovar Jalles
University of Lisbon - School of Economics and Management and International Monetary Fund (IMF)
Downloads 20 (440,406)

Abstract:

debt, primary balance, fiscal regimes, stationarity, breaks, causality, panel

Spend-and-Tax: A Panel Data Investigation for the EU

CESifo Working Paper Series No. 2705
Number of pages: 12 Posted: 14 Jul 2009
Antonio Afonso and Christophe Rault
University of Lisbon - School of Economics and Management and University of Orleans
Downloads 113 (195,362)

Abstract:

panel causality, fiscal policy, EU

Spend-and-Tax: A Panel Data Investigation for the EU

Economics Bulletin, Vol. 29, No. 4, pp. 2545-2551, 2009
Posted: 25 Oct 2009
Antonio Afonso and Christophe Rault
University of Lisbon - School of Economics and Management and University of Orleans

Abstract:

panel causality, fiscal policy, EU

46.

Excess Burden and the Cost of Inefficiency in Public Services Provision

ECB Working Paper No. 601
Number of pages: 45 Posted: 25 Apr 2006
Antonio Afonso and Vítor Gaspar
University of Lisbon - School of Economics and Management and Bank of Portugal
Downloads 94 (213,622)
Citation 1

Abstract:

Government efficiency, excess burden, taxes, spending

47.

Causality between Public Deficits and Inflation: Some Tests for the Portuguese Case

Estudos de Economia, Vol. 13, No. 4, pp. 349-362, 1993
Number of pages: 14 Posted: 18 Apr 2005
Antonio Afonso
University of Lisbon - School of Economics and Management
Downloads 93 (212,196)

Abstract:

Deficits, government debt, inflation, money stock

48.

Economic Performance and Government Size

ECB Working Paper No. 1399
Number of pages: 44 Posted: 30 Nov 2011
Antonio Afonso and João Tovar Jalles
University of Lisbon - School of Economics and Management and International Monetary Fund (IMF)
Downloads 92 (190,768)
Citation 12

Abstract:

Growth, institutions, fiscal rules, pooled mean group, common correlated effects

49.

Bootstrap Panel Granger-Causality between Government Spending and Revenue

ISEG-UTL Economics Working Paper No. 39/2008/DE/UECE
Number of pages: 11 Posted: 07 Dec 2008
Antonio Afonso and Christophe Rault
University of Lisbon - School of Economics and Management and University of Orleans
Downloads 92 (219,699)
Citation 1

Abstract:

panel causality, fiscal policy, EU

Level, Slope, Curvature of the Sovereign Yield Curve, and Fiscal Behaviour

ECB Working Paper No. 1276
Number of pages: 63 Posted: 11 Dec 2010
Antonio Afonso and Manuel M. F. Martins
University of Lisbon - School of Economics and Management and University of Porto, CEMPRE, Faculdade de Economia
Downloads 90 (229,266)
Citation 1

Abstract:

yield curve, fiscal policy, financial markets

Level, Slope, Curvature of the Sovereign Yield Curve, and Fiscal Behaviour

Journal of Banking and Finance, Vol. 36, No. 6, 2012
Posted: 24 Jun 2012
Antonio Afonso and Manuel M. F. Martins
University of Lisbon - School of Economics and Management and University of Porto, CEMPRE, Faculdade de Economia

Abstract:

yield curve, fiscal policy, financial markets

51.

Fiscal Policy and Growth: Do Financial Crises Make a Difference?

Bank of Italy Occasional Paper
Number of pages: 22 Posted: 15 Jan 2012
University of Lisbon - School of Economics and Management, University of Mannheim - Department of Economics and University of Mannheim - Center for Doctoral Studies in Economics and Management (CDSEM)
Downloads 89 (221,179)
Citation 2

Abstract:

fiscal policy, financial crisis, growth, OECD, EU, panel analysis

52.
Downloads 87 (232,428)
Citation 18

Ricardian Fiscal Regimes in the European Union

ECB Working Paper No. 558
Number of pages: 46 Posted: 05 Dec 2005
Antonio Afonso
University of Lisbon - School of Economics and Management
Downloads 87 (234,297)
Citation 18

Abstract:

fiscal regimes, European Union, panel data models

Ricardian Fiscal Regimes in the European Union

Empirica, Journal of Applied Economics and Economic Policy, Vol. 35, No. 3, 2008
Posted: 14 Jul 2008
Antonio Afonso
University of Lisbon - School of Economics and Management

Abstract:

Fiscal regimes, European Union, Panel data models

53.

Non-Linear Tests of Weakly Efficient Markets: Evidence from Government Bond Markets in the Euro Area

Cadernos do Mercado de Valores Mobiliarios, Vol. 3, pp. 45-70, 1999
Number of pages: 28 Posted: 18 Apr 2005
Antonio Afonso and João Teixeira
University of Lisbon - School of Economics and Management and Winton Capital Management
Downloads 86 (230,814)
Citation 1

Abstract:

Government bonds, efficiency, non-linear tests, EU

54.

Business Cycle Synchronization and Insurance Mechanisms in the EU

ECB Working Paper No. 844
Number of pages: 37 Posted: 21 Dec 2007
Antonio Afonso and Davide Furceri
University of Lisbon - School of Economics and Management and University of Palermo
Downloads 83 (227,571)
Citation 1

Abstract:

Private savings, global imbalances, panel error correction model, pooled mean group estimation, emerging economies

Fiscal Consolidations in the Central and Eastern European Countries

ECB Working Paper No. 473
Number of pages: 43 Posted: 26 Apr 2005
Antonio Afonso, Christiane Nickel and Philipp Rother
University of Lisbon - School of Economics and Management, European Central Bank (ECB) and European Central Bank (ECB)
Downloads 83 (241,434)
Citation 8

Abstract:

Fiscal policy, fiscal episodes, Central and Eastern Europe, Logit models

Fiscal Consolidations in the Central and Eastern European Countries

Review of World Economics, Vol. 142, No. 2, pp. 402-421, 2006
Posted: 15 Jul 2006
Antonio Afonso, Christiane Nickel and Philipp Rother
University of Lisbon - School of Economics and Management, European Central Bank (ECB) and European Central Bank (ECB)

Abstract:

Fiscal policy, fiscal episodes, Central and Eastern Europe, Logit models

56.

Government Indebtedness and European Consumers Behaviour

ISEG Economics Department WP 12/2001/DE/CISEP
Number of pages: 24 Posted: 26 Oct 2002
Antonio Afonso
University of Lisbon - School of Economics and Management
Downloads 80 (242,932)

Abstract:

Deficit finance, Ricardian equivalence, Private consumption, European Union, panel data

57.

Do Fiscal Imbalances Deteriorate Sovereign Debt Ratings?

ISEG Economics Working Paper No. 24/2010/DE/UECE
Number of pages: 31 Posted: 27 Nov 2010
Antonio Afonso and Pedro M. Gomes Sr.
University of Lisbon - School of Economics and Management and Universidad Carlos III de Madrid
Downloads 78 (244,793)
Citation 2

Abstract:

Credit Ratings, Sovereign Debt, Rating Agencies

The Dynamic Behaviour of Budget Components and Output

ECB Working Paper No. 775
Number of pages: 48 Posted: 11 Jul 2007
Peter Claeys and Antonio Afonso
Vrije Universiteit Brussel (VUB) - Faculty of Economic, Social and Political Sciences and University of Lisbon - School of Economics and Management
Downloads 77 (252,822)
Citation 6

Abstract:

Fiscal indicator, structural balance, SGP, SVAR, short and long-term restrictions

The Dynamic Behaviour of Budget Components and Output

Economic Modelling, Vol. 25, No. 1, pp. 93-117, 2008
Posted: 04 Jan 2008
Antonio Afonso and Peter Claeys
University of Lisbon - School of Economics and Management and Vrije Universiteit Brussel (VUB) - Faculty of Economic, Social and Political Sciences

Abstract:

fiscal indicator, structural balance, output gap, SGP, EMU, SVAR, short and long-term restrictions

59.

The Role of Government Debt in Economic Growth

ISEG-UTL Economics Department Working Paper No. 16/2014/DE/UECE
Number of pages: 45 Posted: 03 Oct 2014
Antonio Afonso and José Ricardo Alves
University of Lisbon - School of Economics and Management and Technical University of Lisbon (UTL) - Department of Economics
Downloads 74 (194,494)

Abstract:

government debt, economic growth, thresholds

60.

Budgetary and External Imbalances Relationship: A Panel Data Diagnostic

ECB Working Paper No. 961, CESifo Working Paper Series No. 2559
Number of pages: 47 Posted: 18 Nov 2008
Antonio Afonso and Christophe Rault
University of Lisbon - School of Economics and Management and University of Orleans
Downloads 74 (225,958)
Citation 3

Abstract:

Budget balance, external balance, EU, panel cointegration

61.

The Dynamic Behaviour of Budget Components and Output - The Cases of France, Germany, Portugal, and Spain

ISEG-UTL Economics Working Paper No. 26/2006/DE/UECE
Number of pages: 48 Posted: 14 Nov 2006
Peter Claeys and Antonio Afonso
Vrije Universiteit Brussel (VUB) - Faculty of Economic, Social and Political Sciences and University of Lisbon - School of Economics and Management
Downloads 74 (250,446)
Citation 1

Abstract:

fiscal indicator, structural balance, output gap, SGP, EMU, SVAR, short and long-term restrictions

62.

Anatomy of a Fiscal Débacle: The Case of Portugal

ISEG Economics Working Paper No. 01/2013/DE/UECE
Number of pages: 21 Posted: 07 Jan 2013
Antonio Afonso
University of Lisbon - School of Economics and Management
Downloads 72 (252,379)

Abstract:

Portugal, public finances, fiscal imbalances

63.

Public Finances in Portugal: A Brief Long-Run View

ISEG-UTL Economics Working Paper No. 01/2007/DE/CISEP/UECE
Number of pages: 30 Posted: 04 Jan 2007
Antonio Afonso
University of Lisbon - School of Economics and Management
Downloads 64 (268,758)
Citation 1

Abstract:

public finances, Portugal, fiscal consolidations, compensation of employees

64.

Short and Long-Run Behaviour of Long-Term Sovereign Bond Yields

CESifo Working Paper Series No. 3249
Number of pages: 38 Posted: 19 Nov 2010
Antonio Afonso and Christophe Rault
University of Lisbon - School of Economics and Management and University of Orleans
Downloads 63 (262,405)

Abstract:

Long-Term Yields, EU, Financial Integration, Panel Cointegration, Bootstrap

65.
Downloads 62 (284,666)
Citation 1

Appraising Fiscal Reaction Functions

ISEG-UTL Economics Working Paper No. 23/2011/DE/UECE
Number of pages: 16 Posted: 05 Nov 2011
Antonio Afonso and João Tovar Jalles
University of Lisbon - School of Economics and Management and International Monetary Fund (IMF)
Downloads 62 (288,339)
Citation 1

Abstract:

fiscal regimes, Panel VAR, cross-sectional dependence

Appraising Fiscal Reaction Functions

Economics Bulletin, 2011, 31 (4), 3320-3330
Posted: 24 Jun 2012
Antonio Afonso and João Tovar Jalles
University of Lisbon - School of Economics and Management and International Monetary Fund (IMF)

Abstract:

fiscal regimes, Panel VAR, cross-sectional dependence

66.

Public Deficits and Inflation, Some More Results for Portugal

Estudos de Economia, Vol. 15, No. 3, pp. 273-286, 1995
Number of pages: 14 Posted: 18 Apr 2005
Antonio Afonso
University of Lisbon - School of Economics and Management
Downloads 60 (284,666)

Abstract:

Government deficit, inflation, money supply, Portugal

67.

Normality and Efficiency in Portuguese Stock Exchange Indexes

Estudos de Economia, Vols. 16-17, No. 1, pp. 101-106, 1997
Number of pages: 6 Posted: 18 Apr 2005
Antonio Afonso
University of Lisbon - School of Economics and Management
Downloads 59 (287,012)
Citation 1

Abstract:

Stock markets, efficiency, Portugal

68.

The Monetary Transmission Mechanism in the Euro Area: Has It Changed with the EMU? A VAR Approach, with Fiscal Policy and Financial Stress Considerations

ISEG Economics Department Working Paper No. 10/2014/DE/UECE
Number of pages: 32 Posted: 27 Jul 2014
Antonio Afonso and António Jorge Silva
University of Lisbon - School of Economics and Management and Bank of Portugal
Downloads 58 (193,234)

Abstract:

monetary transmission mechanism, fiscal policy, financial stress, Euro area, vector autoregressions

Expansionary Fiscal Consolidations in Europe: New Evidence

ECB Working Paper No. 675
Number of pages: 52 Posted: 12 Sep 2006
Antonio Afonso
University of Lisbon - School of Economics and Management
Downloads 57 (298,407)
Citation 18

Abstract:

fiscal policy, expansionary fiscal consolidations, non-Keynesian effects, panel data models, European Union

Expansionary Fiscal Consolidations in Europe: New Evidence

Applied Economics Letters, Vol. 17, No. 2, pp. 105–109, 2010,
Posted: 05 Dec 2009 Last Revised: 30 Oct 2010
Antonio Afonso
University of Lisbon - School of Economics and Management

Abstract:

fiscal policy, expansionary fiscal consolidations, panel data models, European Union

70.

Fiscal Regime Shifts in Portugal

ISEG-UTL Department of Economics Working Paper No. 41/2009/DE/UECE
Number of pages: 29 Posted: 25 Oct 2009
Antonio Afonso, Peter Claeys and Ricardo M. Sousa
University of Lisbon - School of Economics and Management, Vrije Universiteit Brussel (VUB) - Faculty of Economic, Social and Political Sciences and University of Minho
Downloads 54 (287,012)
Citation 3

Abstract:

fiscal regimes, Markov Switching, Portugal

71.

Fiscal Composition and Long-Term Growth

ECB Occasional Paper No. 1518
Number of pages: 45 Posted: 08 Mar 2013
Antonio Afonso and João Tovar Jalles
University of Lisbon - School of Economics and Management and International Monetary Fund (IMF)
Downloads 53 (279,978)

Abstract:

Budget deficit, budget decomposition, panel analysis, panel causality

72.
Downloads 53 (304,643)

Do Fiscal Rules Matter for Growth?

ISEG Department of Economics Working Paper No. 07/2012/DE/UECE
Number of pages: 8 Posted: 23 Feb 2012
Antonio Afonso and João Tovar Jalles
University of Lisbon - School of Economics and Management and International Monetary Fund (IMF)
Downloads 53 (309,244)

Abstract:

fiscal rules, growth, government size, panel analysis

Do Fiscal Rules Matter for Growth?

Applied Economics Letters, Vol. 20, No. 1, 2013 (Forthcoming)
Posted: 24 Jun 2012
Antonio Afonso and João Tovar Jalles
University of Lisbon - School of Economics and Management and International Monetary Fund (IMF)

Abstract:

fiscal rules, growth, government size, panel analysis

73.

Causality for the Government Budget and Economic Growth

Department of Economics, ISEG-UL, Working Paper nº WP07/2014/DE/UECE,
Number of pages: 6 Posted: 28 Apr 2014
Antonio Afonso and João Tovar Jalles
University of Lisbon - School of Economics and Management and International Monetary Fund (IMF)
Downloads 52 (252,379)

Abstract:

government expenditures, goverment revenues, panel causality, GMM

74.
Downloads 52 (307,277)
Citation 1

Fiscal Volatility, Financial Crises and Growth

ISEG Economics Working Paper No. 06/2012/DE/UECE
Number of pages: 9 Posted: 23 Feb 2012
Antonio Afonso and João Tovar Jalles
University of Lisbon - School of Economics and Management and International Monetary Fund (IMF)
Downloads 52 (312,020)
Citation 1

Abstract:

growth, fiscal volatility, crises, panel analysis

Fiscal Volatility, Financial Crises and Growth

Applied Economics Letters, Vol. 19, No. 18, 2012
Posted: 24 Jun 2012
Antonio Afonso and João Tovar Jalles
University of Lisbon - School of Economics and Management and International Monetary Fund (IMF)

Abstract:

growth, fiscal volatility, crises, panel analysis

Long-Term Government Bond Yields and Economic Forecasts: Evidence for the EU

ISEG-UTL Economics Department Working Paper No. 38/2009/DE/UECE
Number of pages: 10 Posted: 25 Oct 2009
Antonio Afonso
University of Lisbon - School of Economics and Management
Downloads 50 (317,946)
Citation 4

Abstract:

interest rates, macro forecasts, EU

Long-Term Government Bond Yields and Economic Forecasts: Evidence for the EU

Applied Economics Letters, Vol. 17, No. 15, pp. 1437-1441, 2010
Posted: 01 Nov 2010
Antonio Afonso
University of Lisbon - School of Economics and Management

Abstract:

interest rates, macro forecasts, EU

76.

Revisiting Business Cycle Synchronisation in the European Union

ISEG Economics Working Paper No. 22/2010/DE/UECE
Number of pages: 37 Posted: 27 Nov 2010
Antonio Afonso and Ana Sequeira
University of Lisbon - School of Economics and Management and Technical University of Lisbon (UTL) - Department of Economics
Downloads 47 (301,970)
Citation 1

Abstract:

EU, Business Cycle Synchronization

Fiscal Policy Responsiveness, Persistence and Discretion

ECB Working Paper No. 954
Number of pages: 47 Posted: 20 Nov 2008
Antonio Afonso, Luca Agnello and Davide Furceri
University of Lisbon - School of Economics and Management, University of Palermo - Department of Economics and University of Palermo
Downloads 47 (327,080)
Citation 9

Abstract:

Fiscal Policy, Fiscal Volatility

Fiscal Policy Responsiveness, Persistence, and Discretion

Public Choice, Vol. 145, Nos. 3-4, pp. 503-530, 2010
Posted: 18 Jul 2010 Last Revised: 31 Oct 2010
Antonio Afonso, Luca Agnello and Davide Furceri
University of Lisbon - School of Economics and Management, University of Palermo - Department of Economics and University of Palermo

Abstract:

Fiscal Policy, Fiscal Volatility

78.

Sovereign Credit Ratings, Market Volatility, and Financial Gains

ECB Working Paper No. 1654
Number of pages: 54 Posted: 20 Mar 2014
University of Lisbon - School of Economics and Management, Universidad Carlos III de Madrid and Universidad Carlos III de Madrid
Downloads 45 (301,970)
Citation 1

Abstract:

sovereign ratings; yields; stock market returns; volatility; EGARCH; optimal portfolio; financial gain; risk management; value-at-risk

79.

Interactions between Monetary Policy and Fiscal Policy

ISEG-UTL Economics Department Working Paper No. 13/2014/DE/UECE
Number of pages: 31 Posted: 22 Sep 2014
Antonio Afonso and Raquel Balhote
University of Lisbon - School of Economics and Management and ISEG - School of Economics and Management
Downloads 44 (287,012)

Abstract:

interactions, monetary policy, fiscal policy, reaction functions

80.

The Fiscal Forecasting Track Record of the European Commission and Portugal

ISEG Economics Working Paper No. 37/2012/DE/UECE
Number of pages: 47 Posted: 26 Nov 2012
Antonio Afonso and Jorge Daniel Faria Silva
University of Lisbon - School of Economics and Management and Technical University of Lisbon (UTL) - School of Economics and Management
Downloads 41 (324,365)
Citation 1

Abstract:

macro forecasts, fiscal forecasts, EU, Portugal

81.

Fiscal Sustainability in the EU: A Panel Data Diagnostic

Number of pages: 20 Posted: 02 Feb 2012
Antonio Afonso and Christophe Rault
University of Lisbon - School of Economics and Management and University of Orleans
Downloads 41 (310,091)
Citation 14

Abstract:

intertemporal budget constraint, fiscal sustainability, EU, panel unit root, panel cointegration

82.

Contagion in EU Sovereign Yield Spreads

Department of Economics, ISEG-UL, Working Paper nº 04/2014/DE/UECE,
Number of pages: 43 Posted: 05 Feb 2014
Antonio Afonso
University of Lisbon - School of Economics and Management
Downloads 39 (315,649)

Abstract:

sovereign yield spreads, spillover effects, contagion

83.

On the Time-Varying Relationship between EMU Sovereign Spreads and Their Determinants

ISEG Economics Working Paper No. 05/2013/DE/UECE
Number of pages: 25 Posted: 25 Feb 2013
University of Lisbon - School of Economics and Management, Cardiff Business School, Timberlake Consultants and University of Glasgow - Department of Economics
Downloads 39 (327,357)

Abstract:

euro area, crisis, spreads, time-series analysis, time-varying relationship

84.
Downloads 36 (356,364)
Citation 17

Fiscal Regimes in the EU

ISEG Economics Working Paper No. 10/2013/DE/UECE
Number of pages: 37 Posted: 28 Apr 2013
Antonio Afonso and Priscilla Toffano
University of Lisbon - School of Economics and Management and KU Leuven
Downloads 27 (402,455)
Citation 17

Abstract:

Fiscal regimes, Markov-switiching, EU

Fiscal Regimes in the EU

KU Leuven Center for Economic Studies Discussion Paper No. DPS13.06
Number of pages: 38 Posted: 07 May 2013
Antonio Afonso and Priscilla Toffano
University of Lisbon - School of Economics and Management and KU Leuven
Downloads 9 (502,787)
Citation 17

Abstract:

Fiscal regimes, Markov-switiching, EU

Measuring the Success of Fiscal Consolidations

ISEG-UTL Economics Working Paper No. 22/2011/DE/UECE
Number of pages: 12 Posted: 06 Nov 2011
Antonio Afonso and João Tovar Jalles
University of Lisbon - School of Economics and Management and International Monetary Fund (IMF)
Downloads 36 (364,243)

Abstract:

fiscal episodes, panel data, logit

Measuring the Success of Fiscal Consolidations

Applied Financial Economics, Vol. 22, No. 13, 2012
Posted: 24 Jun 2012
Antonio Afonso and João Tovar Jalles
University of Lisbon - School of Economics and Management and International Monetary Fund (IMF)

Abstract:

fiscal episodes, panel data, logit

86.

A Longer-Run Perspective on Fiscal Sustainability

ISEG Working Paper No. 17
Number of pages: 30 Posted: 18 Sep 2011
Antonio Afonso and João Tovar Jalles
University of Lisbon - School of Economics and Management and International Monetary Fund (IMF)
Downloads 36 (333,394)
Citation 1

Abstract:

fiscal sustainability, government debt, unit roots, breaks, structural time series

87.

Consumption, Wealth, Stock and Government Bond Returns: International Evidence

ISEG-UTL Economics Working Paper No. 09/2011/DE/UECE
Number of pages: 30 Posted: 05 Mar 2011
Antonio Afonso and Ricardo M. Sousa
University of Lisbon - School of Economics and Management and University of Minho
Downloads 36 (346,031)

Abstract:

Consumption, Wealth, Stock Returns, Bond Returns

Assessing Long-Term Fiscal Developments: Evidence from Portugal

NIPE Working Paper No. 1/2009, ISEG-UTL Economics Working Paper No. 03/2009/DE/UECE
Number of pages: 10 Posted: 24 Jan 2009 Last Revised: 29 Jan 2009
Antonio Afonso and Ricardo M. Sousa
University of Lisbon - School of Economics and Management and University of Minho
Downloads 35 (367,943)
Citation 1

Abstract:

fiscal deterioration, Portugal

Assessing Long-Term Fiscal Developments: Evidence from Portugal

Applied Economics Letters, Vol. 18, No. 1, 2011
Posted: 25 Apr 2011
Antonio Afonso and Ricardo M. Sousa
University of Lisbon - School of Economics and Management and University of Minho

Abstract:

89.

Economic Forecasts and Sovereign Yields

ISEG Economics Working Paper No. 02/2012/DE/UECE
Number of pages: 46 Posted: 07 Jan 2013
Antonio Afonso and Ana Sofia Nunes
University of Lisbon - School of Economics and Management and Technical University of Lisbon (UTL)
Downloads 34 (352,896)

Abstract:

macro forecasts, fiscal forecasts, sovereign yields

90.
Downloads 34 (363,456)
Citation 3

Market Power and Fiscal Policy in OECD Countries

ECB Working Paper No. 1173
Number of pages: 37 Posted: 22 Apr 2010
Antonio Afonso and Luís F. Costa
University of Lisbon - School of Economics and Management and ISEG - Lisbon School of Economics & Management of Universidade de Lisboa
Downloads 34 (371,878)
Citation 3

Abstract:

Fiscal Policy, Mark-Up, VAR, Panel VAR

Market Power and Fiscal Policy in OECD Countries

Applied Economics, Routledge, Vol. 45, No. 32, 2013
Posted: 16 Jul 2013
Antonio Afonso and Luís F. Costa
University of Lisbon - School of Economics and Management and ISEG - Lisbon School of Economics & Management of Universidade de Lisboa

Abstract:

fiscal policy, markup, VAR, PVAR

91.

Public Sector Efficiency: Evidence for Latin America

ISEG Economics Working Paper No. 20/2013/DE/UECE
Number of pages: 42 Posted: 09 Dec 2013
University of Lisbon - School of Economics and Management, University of Minnesota - Twin Cities and Inter-American Development Bank (IDB)
Downloads 33 (268,758)

Abstract:

public sector performance, technical efficiency, Tobit, DEA, Latin America, Caribbean

92.

Linking Investment and Fiscal Policies

Technical University of Lisbon – ISEG, Working Paper No. 16/2011/DE/UECE ,
Number of pages: 37 Posted: 18 Sep 2011
Antonio Afonso and João Tovar Jalles
University of Lisbon - School of Economics and Management and International Monetary Fund (IMF)
Downloads 33 (336,475)

Abstract:

budgetary decomposition, panel analysis, causality, non-linearities, fiscal-rules

93.

Public and Private Inputs in Aggregate Production and Growth: A Cross-Ccountry Eefficiency Approach

ECB Working Paper No. 1154
Number of pages: 40 Posted: 13 Apr 2010
Antonio Afonso and Miguel St. Aubyn
University of Lisbon - School of Economics and Management and Technical University of Lisbon - ISEG (School of Economics and Management)
Downloads 33 (352,896)

Abstract:

economic growth, public spending, efficiency, Malmquist index

94.

Revenue Forecast Errors in the European Union

Department of Economics, ISEG-UL, Working Paper nº 02/2014/DE/UECE,
Number of pages: 34 Posted: 05 Feb 2014
Antonio Afonso and Rui Carvalho
University of Lisbon - School of Economics and Management and Technical University of Lisbon (UTL) - School of Economics and Management
Downloads 32 (318,621)

Abstract:

macro forecasts, revenue forecast errors, EU

95.

The Macro Impact of the Portuguese Constitutional Court Decisions Regarding the Budgetary Proposals of the Portuguese Budget Law (2012, 2013, 2014)

ISEG-UL Economics Department Working Paper No. 06/2015/DE/UECECEMAPRE
Number of pages: 15 Posted: 14 Mar 2015
Antonio Afonso, Jorge Caiado and Miguel St. Aubyn
University of Lisbon - School of Economics and Management, Technical University of Lisbon (UTL) - Centre for Applied Mathematics and Economics (CEMAPRE) and Technical University of Lisbon - ISEG (School of Economics and Management)
Downloads 31 (307,277)

Abstract:

budget balance, fiscal consolidation, debt-to-GDP ratio, Portugal

96.

Assessing Education and Health Efficiency in OECD Countries Using Alternative Input Measures

Number of pages: 28 Posted: 09 Mar 2012
Antonio Afonso and Miguel St. Aubyn
University of Lisbon - School of Economics and Management and Technical University of Lisbon - ISEG (School of Economics and Management)
Downloads 30 (333,394)
Citation 1

Abstract:

expenditure and education, expenditure and health, spending efficiency, production possibility frontier, FDH, DEA

Assessing Long-Term Fiscal Developments: A New Approach

University of Minho, NIPE Working Paper No. 7/2009, ECB Working Paper No. 1032
Number of pages: 42 Posted: 06 Mar 2009
University of Lisbon - School of Economics and Management, University of Palermo - Department of Economics, University of Palermo and University of Minho
Downloads 30 (388,405)
Citation 4

Abstract:

Fiscal Deterioration, Fiscal Sustainability

Assessing Long-Term Fiscal Developments: A New Approach

Journal of International Money and Finance, Vol. 30, No. 1, 2011
Posted: 25 Apr 2011
University of Lisbon - School of Economics and Management, University of Palermo - Department of Economics, University of Palermo and University of Minho

Abstract:

98.

Assessing Fiscal Episodes

ISEG Working Paper No. 15/2011/DE/UECE
Number of pages: 41 Posted: 17 Sep 2011
Antonio Afonso and João Tovar Jalles
University of Lisbon - School of Economics and Management and International Monetary Fund (IMF)
Downloads 29 (367,171)

Abstract:

fiscal consolidation, non-Keynesian effects, panel data, logit

99.

Assessing Productivity Performance of Basic and Secondary Education in Tunisia: A Malmquist Analysis

ISEG Economics Working Paper No. 19/2013/DE/UECE
Number of pages: 22 Posted: 08 Dec 2013
Antonio Afonso, Mohamed Ayadi and Sourour Ramzi
University of Lisbon - School of Economics and Management, Institut Supérieur de Gestion and institut supérieur de gestion de Tunis
Downloads 26 (367,171)

Abstract:

basic and secondary education, productivity change, efficiency change, DEA, Malmquist index

100.

Fiscal Regimes in the EU

ECB Working Paper No. 1529
Number of pages: 38 Posted: 08 May 2013
Antonio Afonso and Priscilla Toffano
University of Lisbon - School of Economics and Management and KU Leuven
Downloads 25 (387,140)
Citation 17

Abstract:

Fiscal regimes, Markov-switiching, EU

101.

Assessment of Efficiency in Basic and Secondary Education in Tunisia: A Regional Analysis

ISEG Economics Working Paper No. 6/2013/DE/UECE
Number of pages: 46 Posted: 09 Mar 2013
Antonio Afonso, Mohamed Ayadi and Sourour Ramzi
University of Lisbon - School of Economics and Management, Institut Supérieur de Gestion and institut supérieur de gestion de Tunis
Downloads 25 (336,475)

Abstract:

basic and secondary education, efficiency, DEA, Tunisia

102.

The Relevance of Fiscal Rules for Fiscal and Yield Developments

Department of Economics, ISEG-UL, Working Paper nº 05/2014/DE/UECE,
Number of pages: 45 Posted: 05 Feb 2014
Antonio Afonso and Ana Sofia Guimarães
University of Lisbon - School of Economics and Management and Technical University of Lisbon - ISEG (School of Economics and Management)
Downloads 21 (396,277)

Abstract:

numerical fiscal rules, expenditure rules, budget balance, sovereign yields

103.

Monetary Developments and Expansionary Fiscal Consolidations: Evidence from the EMU

ISEG Economics Department Working Paper No. 12/2014/DE/UECE
Number of pages: 43 Posted: 02 Aug 2014
Antonio Afonso and Luis Martins
University of Lisbon - School of Economics and Management and Technical University of Lisbon (UTL) - School of Economics and Management
Downloads 18 (391,598)

Abstract:

fiscal consolidation, monetary expansion non-Keynesian effects, panel data, probit

104.

The Fiscal-Growth Nexus

Technical University of Lisbon Department of Economics Working Paper No. 01/2012/DE/UECE
Number of pages: 36 Posted: 13 Feb 2012
Antonio Afonso and João Tovar Jalles
University of Lisbon - School of Economics and Management and International Monetary Fund (IMF)
Downloads 18 (378,670)

Abstract:

budgetary decomposition, crises, panel analysis

105.

Markups’ Cyclical Behavior: The Role of Demand and Supply Shocks

ISEG Economics Department Working Paper No. WP08/2015/DE/UECE
Number of pages: 9 Posted: 08 May 2015
Antonio Afonso and João Tovar Jalles
University of Lisbon - School of Economics and Management and International Monetary Fund (IMF)
Downloads 14 (425,817)

Abstract:

Blanchard-Quah, mark-up, VAR, impulse response function, local projection

106.

The Relevance of Commuting Zones for Regional Spending Efficiency

ISEG-UTL Economics Working Paper No. 17/20013/DE/UECE/ADVANCE
Number of pages: 22 Posted: 11 Oct 2013
Antonio Afonso and Ana Venâncio
University of Lisbon - School of Economics and Management and Technical University of Lisbon (UTL) - School of Economics and Management
Downloads 13 (431,001)

Abstract:

public spending efficiency, local government, data envelopment analyis (DEA), commuting

107.

EU Finance Ministers, Capital Markets and Fiscal Outcomes

ISEG-UL Economics Working Paper No. 01/2014/DE/UECE
Number of pages: 17 Posted: 05 Feb 2014
Antonio Afonso and Maria João Guedes
University of Lisbon - School of Economics and Management and Technical University of Lisbon (UTL) - School of Economics and Management
Downloads 12 (415,603)

Abstract:

finance minister, stock returns, sovereign yields, budget balance

108.

The Cyclicality of Education, Health, and Social Security Government Spending

ISEG Economics Working Paper No. 30/2012/DE/UECE
Number of pages: 7 Posted: 25 Nov 2012
Antonio Afonso and João Tovar Jalles
University of Lisbon - School of Economics and Management and International Monetary Fund (IMF)
Downloads 11 (446,198)

Abstract:

business cycle, output gap, functional spending, panel analysis

109.

Expansionary Fiscal Consolidations in Europe – New Evidence

Number of pages: 24 Posted: 14 Feb 2012
Antonio Afonso
University of Lisbon - School of Economics and Management
Downloads 11 (441,143)
Citation 17

Abstract:

fiscal policy, expansionary fiscal consolidations, panel data models, European Union

110.

Euro Area Time Varying Fiscal Sustainability

ISEG Economics Department Working Paper No. WP 13/2015/DE/UECE
Number of pages: 19 Posted: 22 Sep 2015
Antonio Afonso and João Tovar Jalles
University of Lisbon - School of Economics and Management and International Monetary Fund (IMF)
Downloads 6 (387,140)

Abstract:

fiscal sustainability, causality, impulse response functions, time-varying coefficients, fiscal rules, logistic model

111.

Fiscal Episodes, Technological Progress and Market Power

ISEG Economics Department Working Paper No. WP09/2015/DE/UECE
Number of pages: 26 Posted: 16 Jul 2015
Antonio Afonso and João Tovar Jalles
University of Lisbon - School of Economics and Management and International Monetary Fund (IMF)
Downloads 6 (451,214)

Abstract:

imperfect competition, TFP, fiscal consolidation, local projection, business cycle, impulse response functions, GMM

112.

Consumption, Wealth, Stock and Government Bond Returns: International Evidence

The Manchester School, Vol. 79, Issue 6, pp. 1294-1232, 2011
Number of pages: 29 Posted: 20 Oct 2011
Antonio Afonso
University of Lisbon - School of Economics and Management
Downloads 2 (514,595)

Abstract:

113.

Stock-Flow Adjustments and Interest Rates

ISEG Economics Department Working Paper No. WP 05/2017/DE/UECE
Number of pages: 8 Posted: 01 Feb 2017
Antonio Afonso and José Ricardo Alves
University of Lisbon - School of Economics and Management and Technical University of Lisbon (UTL) - Department of Economics
Downloads 0 (476,706)

Abstract:

Stock-flow adjustment; Debt; Interest rates; SUR; Panel

114.

Fiscal Activism and Price Volatility: Evidence from Advanced and Emerging Economies

ISEG Economics Department Working Paper No. WP 04/2017/DE/UECE
Number of pages: 25 Posted: 23 Jan 2017
Antonio Afonso and João Tovar Jalles
University of Lisbon - School of Economics and Management and International Monetary Fund (IMF)
Downloads 0 (495,846)

Abstract:

volatility, fiscal policy, inflation, GARCH, Consensus Forecasts

115.

Sovereign Debt Effects and Composition: Evidence from Time-Varying Estimates

ISEG Economics Department Working Paper No. WP 03/2017/DE/UECE
Number of pages: 14 Posted: 20 Jan 2017
Antonio Afonso and João Tovar Jalles
University of Lisbon - School of Economics and Management and International Monetary Fund (IMF)
Downloads 0 (476,706)

Abstract:

116.

Sovereign Credit Rating Mismatches

ISEG Economics Department Working Paper No. WP 02/2017/DE/UECE
Number of pages: 39 Posted: 16 Jan 2017
Antonio Afonso and André Massena Albuquerque
University of Lisbon - School of Economics and Management and University of Lisbon - ISEG School of Economics and Management
Downloads 0 (400,911)

Abstract:

sovereign ratings; split ratings; panel data; random effects ordered probit

117.

The Fiscal Consequences of Deflation: Evidence from the Golden Age of Globalization

ISEG Economics Department Working Paper No. WP 23/2016/DE/UECE
Number of pages: 31 Posted: 14 Oct 2016
Antonio Afonso and João Tovar Jalles
University of Lisbon - School of Economics and Management and International Monetary Fund (IMF)
Downloads 0 (400,911)

Abstract:

debt, deflation, local projection, impulse response functions, GMM, recessions, expansions

118.

Current Account Balance Cyclicality

ISEG Economics Department Working Paper No. WP 20/2016/DE/UECE
Number of pages: 11 Posted: 21 Sep 2016
Antonio Afonso and Jorge Daniel Faria Silva
University of Lisbon - School of Economics and Management and Technical University of Lisbon (UTL) - School of Economics and Management
Downloads 0 (471,576)

Abstract:

current account cyclicality, financial markets, Portugal, Germany

119.

Economic Growth and Public and Private Investment Returns

ISEG-UL Working Paper No. 14/2016/DE/UECE
Number of pages: 20 Posted: 18 Jul 2016
Antonio Afonso and Miguel St. Aubyn
University of Lisbon - School of Economics and Management and Technical University of Lisbon - ISEG (School of Economics and Management)
Downloads 0 (349,383)

Abstract:

Fiscal Policy, Public Investment, Private Investment, Impulse Response Functions, VAR

120.

Is the Supply of Long-Term Debt Independent of the Term Premia? Evidence from Portugal

Department of Economics, ISEG-UL, Working Paper nº 11/2016/DE/UECE,
Number of pages: 29 Posted: 01 Jul 2016
Antonio Afonso and Manish Kumar Singh
University of Lisbon - School of Economics and Management and University of Barcelona
Downloads 0 (405,709)

Abstract:

sovereign debt management, long-term interest rate, portfolio balance channel

121.

Assessing Public Spending Efficiency in 20 OECD Countries

ISEG Economics Department Working Paper No. WP 12/2016/DE/UECE
Number of pages: 41 Posted: 01 Jul 2016
Antonio Afonso and Mina Kazemi
University of Lisbon - School of Economics and Management and University of Lisbon - ISEG School of Economics and Management
Downloads 0 (307,277)

Abstract:

Public Spending, Technical Efficiency, Public Sector Performance, Data Envelopment Analysis

122.

Reconsidering Wagner's Law: Evidence from the Functions of the Government

Department of Economics, ISEG-UL, Working Paper nº 09/2016/DE/UECE,
Number of pages: 11 Posted: 06 Apr 2016
Antonio Afonso and José Ricardo Alves
University of Lisbon - School of Economics and Management and Technical University of Lisbon (UTL) - Department of Economics
Downloads 0 (356,364)

Abstract:

Fiscal Policies; Government spending; SUR estimation; Wagner’s Law

123.

Revisiting Sovereign Bond Spreads’ Determinants in the EMU

ISEG Economics Department Working Paper No. WP 08/2016/DE/UECE
Number of pages: 30 Posted: 06 Apr 2016
Antonio Afonso and Manuel Reis
University of Lisbon - School of Economics and Management and Technical University of Lisbon (UTL) - Department of Economics
Downloads 0 (356,364)
Citation 1

Abstract:

Sovereign bond spreads, panel data, EMU

124.

Euro Area Sovereign Debt Crisis and Debt Mutualisation

ISEG Economics Department Working Paper No. WP xx/2016/DE/UECE
Number of pages: 36 Posted: 29 Feb 2016
Antonio Afonso and Marcelo Geada Alcântara
University of Lisbon - School of Economics and Management and University of Lisbon - School of Economics and Management
Downloads 0 (339,642)

Abstract:

EMU, Euro area crisis, sovereign yields, government debt, debt mutualisation

125.

Economic Volatility and Sovereign Yields' Determinants: A Time-Varying Approach

ISEG Economics Department Working Paper No. WP 04/2016/DE/UECE
Number of pages: 24 Posted: 08 Jan 2016
Antonio Afonso and João Tovar Jalles
University of Lisbon - School of Economics and Management and International Monetary Fund (IMF)
Downloads 0 (378,670)

Abstract:

volatility, fiscal policy, bond spreads, weighted least squares, time-varying coefficients

126.

Budgetary Decomposition and Yield Spreads

ISEG Economics Department Working Paper No. WP 05/2016/DE/UECE
Number of pages: 10 Posted: 08 Jan 2016
Antonio Afonso and João Tovar Jalles
University of Lisbon - School of Economics and Management and International Monetary Fund (IMF)
Downloads 0 (461,550)

Abstract:

fiscal components, bond yields, Great Recession, PVAR, impulse responses

127.

Determinants of Non-Resident Government Debt Ownership

ISEG Economics Department Working Paper No. WP 03/2016/DE/UECE
Number of pages: 11 Posted: 08 Jan 2016
Antonio Afonso and Jorge Daniel Faria Silva
University of Lisbon - School of Economics and Management and Technical University of Lisbon (UTL) - School of Economics and Management
Downloads 0 (420,709)

Abstract:

sovereign debt, central bank, financial markets, monetary and financial

128.

The Price Relevance of Fiscal Developments

ISEG Economics Department Working Paper No. WP 16/2015/DE/UECE
Number of pages: 18 Posted: 25 Nov 2015
Antonio Afonso and João Tovar Jalles
University of Lisbon - School of Economics and Management and International Monetary Fund (IMF)
Downloads 0 (451,214)

Abstract:

price level, yields, Ricardian regimes, SURE, local projection, impulse response function

129.

Short and Long-Run Determinants of Sovereign Debt Credit Ratings

International Journal of Finance and Economics, Vol. 16, No.1, pp. 1-15, 2011
Posted: 18 Jul 2010 Last Revised: 24 Mar 2011
Antonio Afonso, Pedro M. Gomes Sr. and Philipp Rother
University of Lisbon - School of Economics and Management, Universidad Carlos III de Madrid and European Central Bank (ECB)

Abstract:

Credit Ratings, Sovereign Debt, Rating Agencies, Panel Data, Random Effects Ordered Probit

130.

Public and Private Investment Rates of Return: Evidence For Industrialised Countries

Applied Economics Letters, Vol. 17, No. 9, pp. 839-843, 2010
Posted: 13 Jun 2010
Antonio Afonso and Miguel St. Aubyn
University of Lisbon - School of Economics and Management and Technical University of Lisbon - ISEG (School of Economics and Management)

Abstract:

public investment, private investment, impulse response, VAR, European Union

131.

Assessing and Explaining the Relative Efficiency of Local Government

Journal of Socio-Economics, Vol. 37, No. 5, pp. 1946-1979, 2008
Posted: 20 Sep 2008
Antonio Afonso and Sónia Fernandes
University of Lisbon - School of Economics and Management and Technical University of Lisbon

Abstract:

Local government, technical efficiency, socio-economic factors, DEA, Tobit

132.

Euler Testing Ricardo and Barro in the EU

Economics Bulletin, Vol. 5, No. 16, pp. 1-14, 2008
Posted: 09 Apr 2008
Antonio Afonso
University of Lisbon - School of Economics and Management

Abstract:

debt neutrality, private consumption, EU, panel data

133.

EMU Enlargement, Stabilisation Costs and Insurance Mechanisms

Journal of International Money and Finance, Vol. 27, No. 2, pp. 169-187, 2008
Posted: 11 Mar 2008
Antonio Afonso and Davide Furceri
University of Lisbon - School of Economics and Management and University of Palermo

Abstract:

EMU, Optimum Currency Areas, Stabilisation Costs, Insurance Mechanisms

134.

Should We Care for Structural Breaks When Assessing Fiscal Sustainability?

Economics Bulletin, Vol. 3 No. 63, pp. 1-9, 2007
Posted: 04 Jan 2008
Antonio Afonso and Christophe Rault
University of Lisbon - School of Economics and Management and University of Orleans

Abstract:

fiscal sustainability, EU, panel cointegration

135.

Dupuit, Pigou and Cost of Inefficiency in Public Services Provision

Public Choice, Vol. 127, No. 3, pp. 485-502, 2007
Posted: 13 Sep 2007
Antonio Afonso and Vítor Gaspar
University of Lisbon - School of Economics and Management and Bank of Portugal

Abstract:

Government efficiency, excess burden, taxes, spending

136.

Measuring Local Government Spending Efficiency: Evidence for the Lisbon Region

Regional Studies, Vol. 40, No. 1, pp. 39-53, 2006
Posted: 16 Dec 2005
Antonio Afonso and Sónia Fernandes
University of Lisbon - School of Economics and Management and Technical University of Lisbon

Abstract:

municipal expenditure, technical efficiency, DEA, Lisbon

137.

Non-Parametric Approaches to Education and Health Efficiency in OECD Countries

Journal of Applied Economics, Vol. 8, No. 2, pp. 227-246, November 2005
Posted: 30 Nov 2005
Antonio Afonso and Miguel St. Aubyn
University of Lisbon - School of Economics and Management and Technical University of Lisbon - ISEG (School of Economics and Management)

Abstract:

education, health, expenditure efficiency, production possibility frontier, FDH, DEA

138.

Fiscal Sustainability: The Unpleasant European Case

FinanzArchiv, Vol. 61, No. 1, pp. 19-44, 2005
Posted: 24 Apr 2005
Antonio Afonso
University of Lisbon - School of Economics and Management

Abstract:

Deficit, intertemporal budget constraint, fiscal policy sustainability, European Union

139.

Understanding the Determinants of Sovereign Debt Ratings: Evidence for the Two Leading Agencies

Journal of Economics and Finance, Vol. 27, No. 1, Spring 2003
Posted: 16 Apr 2003
Antonio Afonso
University of Lisbon - School of Economics and Management

Abstract:

140.

Debt Crisis and 10-Year Sovereign Yields in Ireland and in Portugal

ISEG Economics Department Working Paper No. WP 06/2017/DE/UECE
Number of pages: 11
Antonio Afonso and Jorge Daniel Faria Silva
University of Lisbon - School of Economics and Management and Technical University of Lisbon (UTL) - School of Economics and Management
Downloads 0

Abstract:

10-year sovereign yield, economic and financial adjustment programme, Portugal, Ireland