Working Papers by António Afonso

• No. 1529
  Fiscal regimes in the EU, by António Afonso and Priscilla Toffano, April 2013,  1790 kb, en.
• No. 1518
  Fiscal composition and long-term growth, by António Afonso and João Tovar Jalles, March 2013,  857 kb, en.
• No. 1465
  Revisiting fiscal sustainability: panel cointegration and structural breaks in OECD countries, by António Afonso and João Tovar Jalles, August 2012,  761 kb, en.
• No. 1399
  Economic performance and government size, by António Afonso and João Tovar Jalles, November 2011,  1462 kb, en.
• No. 1347
  Sovereign credit ratings and financial markets linkages: application to European data, by António Afonso, Davide Furceri and Pedro Gomes, June 2011,  1608 kb, en.
  Published in: Journal of International Money and Finance, Vol 31 (3), 2012: pp 606-638.
• No. 1319
  Fiscal developments and financial stress: a threshold VAR analysis, by António Afonso, Jaromír Baxa and Michal Slavík, April 2011,  1939 kb, en.
• No. 1276
  Level, slope, curvature of the sovereign yield curve, and fiscal behaviour, by António Afonso and Manuel M.F. Martins, December 2010,  2112 kb, en.
  Published in: Journal of Banking and Finance, Vol 36 (6), 2012: pp 1789-1907.
• No. 1217
  Fiscal policy and growth: do financial crises make a difference?, by António Afonso, Hans Peter Grüner and Christina Kolerus, June 2010,  899 kb, en.
• No. 1173
  Market power and fiscal policy in OECD countries, by António Afonso and Luís F. Costa, April 2010,  1248 kb, en.
• No. 1154
  Public and private inputs in aggregate production and growth: a cross-country efficiency approach, by António Afonso and Miguel St. Aubyn, February 2010,  969 kb, en.
• No. 1054
  Fiscal behaviour in the European Union: rules, fiscal decentralization and government indebtedness, by António Afonso and Sebastian Hauptmeier, May 2009,  854 kb, en.
• No. 1032
  Assessing long-term fiscal developments - a new approach, by António Afonso, Luca Agnello, Davide Furceri and Ricardo M. Sousa, March 2009,  1803 kb, en.
  Published in: Journal of International Money and Finance, Vol 30 (1), 2011: pp 130–146.
• No. 991
  The macroeconomic effects of fiscal policy, by António Afonso and Ricardo M. Sousa, January 2009,  1963 kb, en.
  Published in: Portuguese Economic Journal, Vol 10 (1), 2011: pp 61-82.
• No. 990
  Fiscal policy, housing and stock prices, by António Afonso and Ricardo M. Sousa, January 2009,  1908 kb, en.
  Published in: Economic Modelling, Vol 28 (4), 2011: pp 1871-1890.
• No. 971
  Interactions between private and public sector wages, by António Afonso and Pedro Gomes, November 2008,  1167 kb, en.
• No. 961
  Budgetary and external imbalances relationship: a panel data diagnostic, by António Afonso and Christophe Rault, November 2008,  993 kb, en.
• No. 954
  Fiscal policy responsiveness, persistence and discretion, by António Afonso, Luca Agnello and Davide Furceri, October 2008,  1035 kb, en.
  Published in: Public Choice, Vol 145 (3-4), 2010: pp 503-530.
• No. 908
  3-step analysis of public finances sustainability: the case of the European Union, by António Afonso and Christophe Rault, June 2008,  819 kb, en.
• No. 864
  Macroeconomic rates of return of public and private investment: crowding-in and crowding-out effects, by António Afonso and Miguel St. Aubyn, February 2008,  930 kb, en.
  Published in: Manchester School (2009), 77 (S1): 21-39.
• No. 861
  Income distribution determinants and public spending efficiency, by António Afonso, Ludger Schuknecht and Vito Tanzi, January 2008,  915 kb, en.
  Published in: Journal of Economic Inequality, 2010, 8 (3), 367-389.
• No. 849
  Government size, composition, volatility and economic growth, by António Afonso and Davide Furceri, January 2008,  962 kb, en.
  Published in: European Journal of Political Economy, 2010, 26 (4), 517-532.
• No. 848
  Economic growth and budgetary components: a panel assessment for the EU, by António Afonso and Juan González Alegre, January 2008,  987 kb, en.
  Published in: Empirical Economics, Vol 41 (3), 2011: pp 703-723.
• No. 844
  Business cycle synchronization and insurance mechanisms in the EU, by António Afonso and Davide Furceri, December 2007,  736 kb, en.
  Published in: Journal of International Money and Finance, 2008, 27 (2), 169-187.
• No. 820
  What do we really know about fiscal sustainability in the EU? A panel data diagnostic, by António Afonso and Christophe Rault, October 2007,  554 kb, en.
  Published in: Review of World Economics (2009), 145(4), pp. 731-755.
• No. 775
  The dynamic behaviour of budget components and output, by António Afonso and Peter Claeys, July 2007,  872 kb, en.
  Published in: Economic Modelling (2008), 25 (1), 93-117.
• No. 711
  What “hides” behind sovereign debt ratings?, by António Afonso, Pedro Gomes and Philipp Rother, January 2007,  887 kb, en.
  Published in: International Journal of Finance and Economics, Vol 16 (1), January 2011 as "Short and Long-run Determinants of Sovereign Debt Credit Ratings": pp 1–15.
• No. 675
  Expansionary fiscal consolidations in Europe: new evidence, by António Afonso, September 2006,  618 kb, en.
  Published in: Applied Economics Letters, 2010, 17 (2), 105-109.
• No. 601
  Excess burden and the cost of inefficiency in public services provision, by António Afonso and Vítor Gaspar, April 2006,  703 kb, en.
  Published in: Public Choice, (2007), 132 (3-4): 485-502.
• No. 581
  Public sector efficiency: evidence for new EU member states and emerging markets, by António Afonso, Ludger Schuknecht and Vito Tanzi, January 2006,  591 kb, en.
  Published in: Applied Economics (2010), 42 (17), 2147-2164.
• No. 558
  Ricardian fiscal regimes in the European Union, by António Afonso, November 2005,  589 kb, en.
  Published in: Empirica, July 2008, 35(3), 313-334
• No. 494
  Cross-country efficiency of secondary education provision: a semi-parametric analysis with non-discretionary inputs, by António Afonso and Miguel St. Aubyn, June 2005,  585 kb, en.
  Published in: Economic Modelling (2006), 23 (3): 476-491.
• No. 473
  Fiscal consolidations in the Central and Eastern European countries, by António Afonso, Christiane Nickel and Philipp Rother, April 2005,  834 kb, en.
  Published in: Review of World Economics (2006), 142 (2): 402-421.
• No. 438
  Quality of public finances and growth, by António Afonso, Werner Ebert, Ludger Schuknecht and Michael Thöne, February 2005,  818 kb, en.
  Published in: “Les Finances Publiques: Defis a Moyen Et Long Termes”, Mons: Centre Interuniversitaire de Formation Permanente, 2005, pp 533-561.
• No. 303
  Fiscal policy events and interest rate swap spreads: evidence from the EU, by António Afonso and Rolf Strauch, February 2004,  998 kb, en.
  Published in: Journal of International Financial Markets, Institutions & Money (2007). 17 (3): 261-276.
• No. 242
  Public sector efficiency: an international comparison, by António Afonso, Ludger Schuknecht and Vito Tanzi, July 2003,  402 kb, en.
  Published in: Public Choice (2005), 123: 321-347.
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