Assessing the sustainability of external imbalances in the European Union

Detalhes bibliográficos
Autor(a) principal: Afonso, António
Data de Publicação: 2018
Outros Autores: Huart, Florence, Jalles, João Tovar, Stanek, Piotr
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.5/25508
Resumo: External imbalances are a greater source of concern than public deficits and debts in some countries of the European Union, given their size and evolution. The new macroeconomic imbalance procedure (MIP), which aims at preventing these imbalances, relies on the surveillance of macroeconomic indicators. Some thresholds have been defined for the current account balance and the net international investment position (NIIP), but not for the NED which is taken as an auxiliary indicator in the MIP scoreboard. Prompted by these thresholds, we carried out an analysis of external debt sustainability of EU countries.
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spelling Assessing the sustainability of external imbalances in the European UnionCointegrationCurrent AccountError CorrectionExportsImportsNet Foreign AssetsStructural BreaksUnit RootsExternal imbalances are a greater source of concern than public deficits and debts in some countries of the European Union, given their size and evolution. The new macroeconomic imbalance procedure (MIP), which aims at preventing these imbalances, relies on the surveillance of macroeconomic indicators. Some thresholds have been defined for the current account balance and the net international investment position (NIIP), but not for the NED which is taken as an auxiliary indicator in the MIP scoreboard. Prompted by these thresholds, we carried out an analysis of external debt sustainability of EU countries.John Wiley & Sons Ltd.Repositório da Universidade de LisboaAfonso, AntónioHuart, FlorenceJalles, João TovarStanek, Piotr2022-09-15T14:09:14Z20182018-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/25508engAfonso, António … [et al.]. (2019)."Assessing the sustainability of external imbalances in the European Union" .The World Economy, Vol. 42, No.2: pp. 320-348.info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-03-06T14:55:04Zoai:www.repository.utl.pt:10400.5/25508Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T17:09:21.912963Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Assessing the sustainability of external imbalances in the European Union
title Assessing the sustainability of external imbalances in the European Union
spellingShingle Assessing the sustainability of external imbalances in the European Union
Afonso, António
Cointegration
Current Account
Error Correction
Exports
Imports
Net Foreign Assets
Structural Breaks
Unit Roots
title_short Assessing the sustainability of external imbalances in the European Union
title_full Assessing the sustainability of external imbalances in the European Union
title_fullStr Assessing the sustainability of external imbalances in the European Union
title_full_unstemmed Assessing the sustainability of external imbalances in the European Union
title_sort Assessing the sustainability of external imbalances in the European Union
author Afonso, António
author_facet Afonso, António
Huart, Florence
Jalles, João Tovar
Stanek, Piotr
author_role author
author2 Huart, Florence
Jalles, João Tovar
Stanek, Piotr
author2_role author
author
author
dc.contributor.none.fl_str_mv Repositório da Universidade de Lisboa
dc.contributor.author.fl_str_mv Afonso, António
Huart, Florence
Jalles, João Tovar
Stanek, Piotr
dc.subject.por.fl_str_mv Cointegration
Current Account
Error Correction
Exports
Imports
Net Foreign Assets
Structural Breaks
Unit Roots
topic Cointegration
Current Account
Error Correction
Exports
Imports
Net Foreign Assets
Structural Breaks
Unit Roots
description External imbalances are a greater source of concern than public deficits and debts in some countries of the European Union, given their size and evolution. The new macroeconomic imbalance procedure (MIP), which aims at preventing these imbalances, relies on the surveillance of macroeconomic indicators. Some thresholds have been defined for the current account balance and the net international investment position (NIIP), but not for the NED which is taken as an auxiliary indicator in the MIP scoreboard. Prompted by these thresholds, we carried out an analysis of external debt sustainability of EU countries.
publishDate 2018
dc.date.none.fl_str_mv 2018
2018-01-01T00:00:00Z
2022-09-15T14:09:14Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.5/25508
url http://hdl.handle.net/10400.5/25508
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Afonso, António … [et al.]. (2019)."Assessing the sustainability of external imbalances in the European Union" .The World Economy, Vol. 42, No.2: pp. 320-348.
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv John Wiley & Sons Ltd.
publisher.none.fl_str_mv John Wiley & Sons Ltd.
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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