Twin deficits through the looking Glass : time-varying analysis in the Euro Area
Autor(a) principal: | |
---|---|
Data de Publicação: | 2022 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10400.5/23360 |
Resumo: | 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 responses to changes in the CAPB and in the government balance and we identify the determinants of these responses. The CAPB and the government balance, in addition to being determinants of the current account balance, are also determinants of the time- varying responses of the current account balance. The levels of government balance, current account balance and public debt, as a percentage of GDP, and the temporal period (before and after 2010) also influence these responses. |
id |
RCAP_80931ff53cc22f497e890d658e7a096c |
---|---|
oai_identifier_str |
oai:www.repository.utl.pt:10400.5/23360 |
network_acronym_str |
RCAP |
network_name_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository_id_str |
7160 |
spelling |
Twin deficits through the looking Glass : time-varying analysis in the Euro AreaCAPBgovernment balancecurrent account balancetime-varying coefficientsEurozonepanel dataUsing 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 responses to changes in the CAPB and in the government balance and we identify the determinants of these responses. The CAPB and the government balance, in addition to being determinants of the current account balance, are also determinants of the time- varying responses of the current account balance. The levels of government balance, current account balance and public debt, as a percentage of GDP, and the temporal period (before and after 2010) also influence these responses.ISEG - REM – Research in Economics and MathematicsRepositório da Universidade de LisboaAfonso, AntónioCoelho, José Carlos2022-02-02T18:26:19Z2022-012022-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/23360engAfonso, António e José Carlos Coelho (2022). "Twin deficits through the looking Glass : time-varying analysis in the Euro Area". Instituto Superior de Economia e Gestão – REM Working paper series nº 0211 – 20222184-108Xinfo: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:RCAAP2023-03-06T14:52:54Zoai:www.repository.utl.pt:10400.5/23360Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T17:07:36.846057Repositório 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 |
Twin deficits through the looking Glass : time-varying analysis in the Euro Area |
title |
Twin deficits through the looking Glass : time-varying analysis in the Euro Area |
spellingShingle |
Twin deficits through the looking Glass : time-varying analysis in the Euro Area Afonso, António CAPB government balance current account balance time-varying coefficients Eurozone panel data |
title_short |
Twin deficits through the looking Glass : time-varying analysis in the Euro Area |
title_full |
Twin deficits through the looking Glass : time-varying analysis in the Euro Area |
title_fullStr |
Twin deficits through the looking Glass : time-varying analysis in the Euro Area |
title_full_unstemmed |
Twin deficits through the looking Glass : time-varying analysis in the Euro Area |
title_sort |
Twin deficits through the looking Glass : time-varying analysis in the Euro Area |
author |
Afonso, António |
author_facet |
Afonso, António Coelho, José Carlos |
author_role |
author |
author2 |
Coelho, José Carlos |
author2_role |
author |
dc.contributor.none.fl_str_mv |
Repositório da Universidade de Lisboa |
dc.contributor.author.fl_str_mv |
Afonso, António Coelho, José Carlos |
dc.subject.por.fl_str_mv |
CAPB government balance current account balance time-varying coefficients Eurozone panel data |
topic |
CAPB government balance current account balance time-varying coefficients Eurozone panel data |
description |
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 responses to changes in the CAPB and in the government balance and we identify the determinants of these responses. The CAPB and the government balance, in addition to being determinants of the current account balance, are also determinants of the time- varying responses of the current account balance. The levels of government balance, current account balance and public debt, as a percentage of GDP, and the temporal period (before and after 2010) also influence these responses. |
publishDate |
2022 |
dc.date.none.fl_str_mv |
2022-02-02T18:26:19Z 2022-01 2022-01-01T00:00:00Z |
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/10400.5/23360 |
url |
http://hdl.handle.net/10400.5/23360 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
Afonso, António e José Carlos Coelho (2022). "Twin deficits through the looking Glass : time-varying analysis in the Euro Area". Instituto Superior de Economia e Gestão – REM Working paper series nº 0211 – 2022 2184-108X |
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 |
ISEG - REM – Research in Economics and Mathematics |
publisher.none.fl_str_mv |
ISEG - REM – Research in Economics and Mathematics |
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 |
repository.mail.fl_str_mv |
|
_version_ |
1799131170017902592 |