Publicação
Twin deficits through the looking Glass : time-varying analysis in the Euro Area
| 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. |
|---|---|
| Autores principais: | Afonso, António |
| Outros Autores: | Coelho, José Carlos |
| Assunto: | CAPB government balance current account balance time-varying coefficients Eurozone panel data |
| Ano: | 2022 |
| País: | Portugal |
| Tipo de documento: | working paper |
| Tipo de acesso: | acesso aberto |
| Instituição associada: | Universidade de Lisboa |
| Idioma: | inglês |
| Origem: | Repositório da Universidade de Lisboa |
| _version_ | 1865920786485739520 |
|---|---|
| author | Afonso, António |
| author2 | Coelho, José Carlos |
| author2_role | author |
| author_facet | Afonso, António Afonso, António Coelho, José Carlos Coelho, José Carlos |
| author_role | author |
| contributor_name_str_mv | Repositório Científico de Acesso Aberto da ULisboa |
| country_str | PT |
| creators_json_str | [{\"Person.name\":\"Afonso, António\"},{\"Person.name\":\"Coelho, José Carlos\"}] |
| datacite.contributors.contributor.contributorName.fl_str_mv | Repositório Científico de Acesso Aberto da ULisboa |
| datacite.creators.creator.creatorName.fl_str_mv | Afonso, António Coelho, José Carlos |
| datacite.date.Accepted.fl_str_mv | 2022-01-01T00:00:00Z |
| datacite.date.available.fl_str_mv | 2022-02-02T18:26:19Z |
| datacite.date.embargoed.fl_str_mv | 2022-02-02T18:26:19Z |
| datacite.rights.fl_str_mv | http://purl.org/coar/access_right/c_abf2 |
| datacite.subjects.subject.fl_str_mv | CAPB government balance current account balance time-varying coefficients Eurozone panel data |
| datacite.titles.title.fl_str_mv | Twin deficits through the looking Glass : time-varying analysis in the Euro Area |
| dc.contributor.none.fl_str_mv | Repositório Científico de Acesso Aberto da ULisboa |
| dc.creator.none.fl_str_mv | Afonso, António Coelho, José Carlos |
| dc.date.Accepted.fl_str_mv | 2022-01-01T00:00:00Z |
| dc.date.available.fl_str_mv | 2022-02-02T18:26:19Z |
| dc.date.embargoed.fl_str_mv | 2022-02-02T18:26:19Z |
| dc.format.none.fl_str_mv | application/pdf |
| dc.identifier.none.fl_str_mv | http://hdl.handle.net/10400.5/23360 |
| dc.language.none.fl_str_mv | eng |
| dc.publisher.none.fl_str_mv | ISEG - REM – Research in Economics and Mathematics |
| dc.rights.none.fl_str_mv | http://purl.org/coar/access_right/c_abf2 |
| dc.subject.none.fl_str_mv | CAPB government balance current account balance time-varying coefficients Eurozone panel data |
| dc.title.fl_str_mv | Twin deficits through the looking Glass : time-varying analysis in the Euro Area |
| dc.type.none.fl_str_mv | http://purl.org/coar/resource_type/c_8042 |
| 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. |
| dirty | 0 |
| eu_rights_str_mv | openAccess |
| format | workingPaper |
| fulltext.url.fl_str_mv | https://repositorio.ulisboa.pt/bitstreams/3eb2348b-1a92-4810-a8b9-8c684978d806/download |
| funding.funder.alternateName_str_mv | FCT |
| funding.funder.identifier_str_mv | http://doi.org/10.13039/501100001871 |
| funding.funder.name_str_mv | Fundação para a Ciência e a Tecnologia |
| funding.name_str_mv | 6817 - DCRRNI ID |
| id | ul_3fb018dbbfea4e14f4cd8142a234bfc5 |
| identifier.url.fl_str_mv | http://hdl.handle.net/10400.5/23360 |
| instacron_str | ul |
| institution | Universidade de Lisboa |
| instname_str | Universidade de Lisboa |
| language | eng |
| network_acronym_str | ul |
| network_name_str | Repositório da Universidade de Lisboa |
| oai_identifier_str | oai:repositorio.ulisboa.pt:10400.5/23360 |
| organization_str_mv | urn:organizationAcronym:ul |
| person_str_mv | Afonso, António Coelho, José Carlos |
| publishDate | 2022 |
| publisher.none.fl_str_mv | ISEG - REM – Research in Economics and Mathematics |
| reponame_str | Repositório da Universidade de Lisboa |
| repository_id_str | urn:repositoryAcronym:ul |
| service_str_mv | urn:repositoryAcronym:ul |
| spelling | engISEG - REM – Research in Economics and Mathematicspt_PTUsing 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.application/pdfpt_PTTwin deficits through the looking Glass : time-varying analysis in the Euro AreaAfonso, AntónioCoelho, José CarlosHostingInstitutionOrganizationalRepositório Científico de Acesso Aberto da ULisboae-mailmailto:repositorio@reitoria.ulisboa.ptrepositorio@reitoria.ulisboa.ptISSNIsPartOf2184-108X2022-02-02T18:26:19Z2022-012022-01-01T00:00:00ZHandlehttp://hdl.handle.net/10400.5/23360http://purl.org/coar/access_right/c_abf2open accessCAPBgovernment balancecurrent account balancetime-varying coefficientsEurozonepanel data1612141 bytesFundação para a Ciência e a TecnologiaResearch in Economics and Mathematics6817 - DCRRNI IDCrossref Funder IDhttp://doi.org/10.13039/501100001871other research producthttp://purl.org/coar/resource_type/c_8042working paperhttp://purl.org/coar/access_right/c_abf2application/pdffulltexthttps://repositorio.ulisboa.pt/bitstreams/3eb2348b-1a92-4810-a8b9-8c684978d806/download |
| spellingShingle | Twin deficits through the looking Glass : time-varying analysis in the Euro Area 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 Afonso, António CAPB government balance current account balance time-varying coefficients Eurozone panel data |
| status | SINGLETON |
| subject.fl_str_mv | CAPB government balance current account balance time-varying coefficients Eurozone panel data |
| title | 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 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 Twin deficits through the looking Glass : time-varying analysis in the Euro Area |
| title_short | 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 |
| topic | CAPB government balance current account balance time-varying coefficients Eurozone panel data |
| topic_facet | CAPB government balance current account balance time-varying coefficients Eurozone panel data |
| url | http://hdl.handle.net/10400.5/23360 |
| visible | 1 |