create a website

Windfall of Low Interest Payments and Fiscal Sustainability in the Euro Area: Analysis through Panel Fiscal Reaction Functions. (2015). Trzeciakowski, Rafał ; Rzońca, Andrzej ; Ciżkowicz, Piotr ; Cikowicz, Piotr ; Rzoca, Andrzej.
In: Kyklos.
RePEc:bla:kyklos:v:68:y:2015:i:4:p:475-510.

Full description at Econpapers || Download paper

Cited: 11

Citations received by this document

Cites: 99

References cited by this document

Cocites: 50

Documents which have cited the same bibliography

Coauthors: 0

Authors who have wrote about the same topic

Citations

Citations received by this document

  1. Fiscal policy and government bond yields: New evidence from the EU. (2025). Rzoca, Andrzej ; Ledchowski, Micha ; Cikowicz, Piotr.
    In: Economic Modelling.
    RePEc:eee:ecmode:v:147:y:2025:i:c:s0264999325000495.

    Full description at Econpapers || Download paper

  2. Fiscal performance under inflation and inflation surprises: evidence from fiscal reaction functions for the euro area. (2024). Staehr, Karsten ; Tkaevs, Oegs ; Urke, Katri.
    In: Review of World Economics (Weltwirtschaftliches Archiv).
    RePEc:spr:weltar:v:160:y:2024:i:4:d:10.1007_s10290-024-00536-6.

    Full description at Econpapers || Download paper

  3. Constructing country-specific debt sustainability indices for developing countries. (2024). Mahadeo, Scott ; Romeo, Scott Mark ; Rahaman, Akeem.
    In: Working Papers in Economics & Finance.
    RePEc:pbs:ecofin:2024-01.

    Full description at Econpapers || Download paper

  4. Populists and fiscal policy: The case of Poland. (2024). Wysocki, Maciej ; Freytag, Andreas ; Wojcik, Cezary.
    In: European Journal of Political Economy.
    RePEc:eee:poleco:v:83:y:2024:i:c:s0176268024000582.

    Full description at Econpapers || Download paper

  5. Fiscal Performance under Inflation and Inflation Surprises: Evidence from Fiscal Reaction Functions for the Euro Area. (2023). Tkacevs, Olegs ; Staehr, Karsten ; Urke, Katri.
    In: Working Papers.
    RePEc:ltv:wpaper:202304.

    Full description at Econpapers || Download paper

  6. How do governments respond to interest rates?. (2023). Franc, Roel Beetsma ; Jalles, Joao Tovar.
    In: Working Papers REM.
    RePEc:ise:remwps:wp02802023.

    Full description at Econpapers || Download paper

  7. Fiscal tensions and risk premium. (2022). Rzońca, Andrzej ; Ciżkowicz, Piotr ; Cikowicz, Piotr ; Parosa, Grzegorz ; Rzoca, Andrzej.
    In: Empirica.
    RePEc:kap:empiri:v:49:y:2022:i:3:d:10.1007_s10663-022-09532-1.

    Full description at Econpapers || Download paper

  8. Fiscal sustainability in the EU after the global crisis: Is there any progress? Evidence from Poland. (2021). Wysocki, Maciej ; Wójcik, Cezary ; Wojcik, Cezary.
    In: International Journal of Finance & Economics.
    RePEc:wly:ijfiec:v:26:y:2021:i:3:p:3997-4012.

    Full description at Econpapers || Download paper

  9. What determines the share of non-resident public debt ownership? Evidence from Euro Area countries. (2018). Jalles, Joao.
    In: Annals of Finance.
    RePEc:kap:annfin:v:14:y:2018:i:3:d:10.1007_s10436-018-0321-8.

    Full description at Econpapers || Download paper

  10. Withdrawal of Italy from the euro area: Stochastic simulations of a structural macroeconometric model. (2017). Mongeau Ospina, Christian Alexander ; Granville, Brigitte ; Bagnai, Alberto.
    In: Economic Modelling.
    RePEc:eee:ecmode:v:64:y:2017:i:c:p:524-538.

    Full description at Econpapers || Download paper

  11. Origins of reform resistance and the Southern European regime. (2016). Heinemann, Friedrich ; Grigoriadis, Theocharis.
    In: Empirica.
    RePEc:kap:empiri:v:43:y:2016:i:4:d:10.1007_s10663-016-9342-6.

    Full description at Econpapers || Download paper

References

References cited by this document

    References contributed by pba1102-3547

  1. Aßmann, Christian and Jens Boysen-Hogrefe (2012). Determinants of government bond spreads in the euro area: in good times as in bad, Empirica. 39(3): 341–356.

  2. Afonso, António (2008). Ricardian fiscal regimes in the European Union, Empirica. 35(3): 313–334. Afonso, António and Raquel Balhote (2015). Interactions between Monetary Policy and Fiscal Policy, Lisboa School of Economics and Management Working Paper. 13/2014/DE/UECE.

  3. Afonso, António and João T. Jalles (2011). Appraising fiscal reaction functions, Economics Bulletin. 31(4): 3320–3330.

  4. Afonso, António and João T. Jalles (2012). Measuring the success of fiscal consolidations, Applied Financial Economics. 22(13): 1053–1061.

  5. Afonso, António, Christiane Nickel and Philipp C. Rother (2006). Fiscal consolidations in the Central and Eastern European countries, Review of World Economics (Weltwirtschaftliches Archiv). 142(2): 402–421.

  6. Afonso, António, Michael G. Arghyrou and Alexandros Kontonikas (2012). The determinants of sovereign bond yield spreads in the EMU, ISEG Department of Economics Working Papers No. 2012/36.

  7. Afonso, António, Michael G. Arghyrou, George Bagdatoglou and Alexandros Kontonikas (2015). On the time-varying relationship between EMU sovereign spreads and their determinants, Economic Modelling. 44(C): 363–371.

  8. Aguiar, Mark, Manuel Amador, Emmanuel Farhi and Gita Gopinath (2015). Coordination and Crisis in Monetary Unions, Working Paper No. 165301. Harvard University OpenScholar.

  9. Alesina, Alberto F. and Roberto Perotti (1997). Fiscal Adjustments in OECD Countries: Composition and Macroeconomic Effects, International Monetary Fund Staff Papers. 44(2): 210–248.

  10. Alesina, Alberto F. and Silvia Ardagna (1998). Tales of fiscal adjustment, Economic Policy. 13(27): 487–546.

  11. Alesina, Alberto F. and Silvia Ardagna (2010). Large changes in fiscal policy: taxes versusspending, in: Jeffrey R. Brown (ed.), Tax Policy and the Economy. Cambridge: University of Chicago Press: 24: 35–68.
    Paper not yet in RePEc: Add citation now
  12. Alesina, Alberto F. and Silvia Ardagna (2013). The Design of Fiscal Adjustments, in: Jeffrey R. Brown (ed), Tax Policy and the Economy, Vol. 27. Chicago: University of Chicago Press: 19–67.

  13. Alesina, Alberto F., Roberto Perotti and Jose Tavares (1998). The Political Economy of Fiscal Adjustments, Brookings Papers on Economic Activity. 1: 197–266.

  14. Arellano, Manuel and Olympia Bover (1995). Another Look at the Instrumental Variable Estimation of Error-Components Models, Journal of Econometrics. 68(1): 29–51.

  15. Arellano, Manuel and Stephen Bond (1991). Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations, Review of Economic Studies. 58(2): 277–97.

  16. Arghyrou, Michael G. and Alexandros Kontonikas (2012). The EMU sovereign-debt crisis: Fundamentals, expectations and contagion, Journal of International Financial Markets Institutions and Money. 22(4): 658–677.

  17. Attinasi, Maria-Grazia, Cristina Checherita and Christiane Nickel (2010). What explains the surge in euro area sovereign spreads during the financial crisis of 2007-09?, Public Finance and Management. 10(4): 595–645.
    Paper not yet in RePEc: Add citation now
  18. Balcerowicz, Leszek, Andrzej Rzońca, Lech Kalina and Aleksander Łaszek (2013). Economic Growth in the European Union. Brussels: Lisbon Council.
    Paper not yet in RePEc: Add citation now
  19. Baldacci, Emanuele, Sanjeev Gupta and Carlos Mulas-Granados (2010). Restoring Debt Sustainability After Crises: Implications for the Fiscal Mix, IMF Working Paper No. 10/232.

  20. Baldi, Guido and Karsten Staehr (2016). The European debt crisis and fiscal reactions in Europe 2000– 2014, International Economics and Economic Policy.

  21. Ball, Laurence, Douglas W. Elmendorf and N. Gregory Mankiw (1998). The Deficit Gamble, Journal of Money, Credit and Banking. 30(4): 699–720.

  22. Barrios, Salvador, Per Iversen, Magdalena Lewandowska and Ralph Setzer (2009). Determinants of intra-euro area government bond spreads during the financial crisis, European Economy -Economic Papers No. 388.

  23. Baskaran, Thushyanthan and Zohal Hessami (2013). Monetary Integration, Soft Budget Constraints, and the EMU Sovereign Debt Crises, Working Paper Series of the Department of Economics No. 2013-03. University of Konstanz.

  24. Bayoumi, Tamim, Morris Goldstein and Geoffrey Woglom (1995). Do Credit Markets Discipline Sovereign Borrowers? Evidence from U.S. States, Journal of Money, Credit and Banking. 27(4): 1046–1059.

  25. Bernoth, Kerstin and Burcu Erdogan (2012). Sovereign bond yield spreads: A time-varying coefficient approach, Journal of International Money and Finance. 31(3): 639–656.

  26. Bohn, Henning (1995). The Sustainability of Budget Deficits in a Stochastic Economy, Journal of Money, Credit and Banking. 27(1): 257–271.

  27. Bohn, Henning (1998). The Behavior of U.S. Public Debt and Deficits, The Quarterly Journal of Economics. 113(3): 949–963.

  28. Bohn, Henning (2007). Are Stationary and Cointegration Restrictions Really Necessary for the Intertemporal Budget Constraint?, Journal of Monetary Economics. 57(7): 1837–1847.

  29. Borgy, Vladimir, Thomas Laubach, Jean-Stéphane Mésonnier and Jean-Paul Renne (2012). Fiscal Sustainability, Default Risk and Euro Area Sovereign Bond Spreads Markets, Banque de France Working papers No. 350.

  30. Born, Benjamin and Gernot J. Müller (2012). Government Spending Shocks in Quarterly and Annual Time Series, Journal of Money, Credit and Banking. 44: 507–517.

  31. Briotti, Maria G. (2004). Fiscal adjustment between 1991 and 2002 - stylised facts and policy implications, ECB Occasional Paper Series No. 09.

  32. Bronner, Fernando, Aitor Erce, Alberto Martin and Jaume Ventura (2014). Sovereign debt markets in turbulent times: Creditor discrimination and crowding-out effects, Journal of Monetary Economics. 61: 114–142.

  33. Bruno, Giovanni S. F. (2005). Approximating the bias of the LSDV estimator for dynamic unbalanced panel data models, Economics Letters. 87(3): 361–366.

  34. Bun, Maurice and Jan F. Kiviet (2003). On the Diminishing Returns of Higher-order Terms in Asymptotic Expansions of Bias, TiEconomic Letters. 79(2): 145–152.

  35. Burger, Philippe and Marina Marinkov (2012). Fiscal rules and regime-dependent fiscal reaction functions: The South African case, OECD Journal on Budgeting. 12(1).

  36. Capeci, John (1994). Local Fiscal Policies, Default Risk, and Municipal Borrowing Costs, Journal of Public Economics. 53: 73–89.

  37. Caporale, Guglielmo M. and Alessandro Girardi (2013). Fiscal Spillovers in the Euro Area, Journal of International Money and Finance. 38: 84.e1–84.e16.

  38. Celasun, Oya, Xavier Debrun and Jonathan D. Ostry (2007). Primary Surplus Behavior and Risks to Fiscal Sustainability in Emerging Market Countries: A "Fan-Chart" Approach, IMF Staff Papers. 53(3): 401–425.
    Paper not yet in RePEc: Add citation now
  39. Corsetti, Giancarlo, André Meier and Gernot J. Müller (2012). What determines government spending multipliers?, Economic Policy. 27(72): 521–565.

  40. Corsetti, Giancarlo, Keith Kuester, André Meier and Gernot J. Müller (2014). Sovereign risk and belief-driven fluctuations in the euro area, Journal of Monetary Economics. 61(1): 53–73.

  41. Cuestas, Juan Carlos, Luis A. Gil-Alana and Karsten Staehr (2014). Government debt dynamics and the global financial crisis: Has anything changed in the EA12?, Economics Letters. 124(2014): 64–66.

  42. Daniel, Betty C. and Christos Shiamptanis (2013). Pushing the limit? Fiscal policy in the European Monetary Union, Journal of Economic Dynamics & Control. 37(2013): 2307–2321.

  43. De Grauwe, Paul and Yuemei Ji (2012a). Mispricing of Sovereign Risk and Multiple Equilibria in the Eurozone, Centre for European Policy Working Paper No. 361.
    Paper not yet in RePEc: Add citation now
  44. De Grauwe, Paul and Yuemei Ji (2012b). Mispricing of Sovereign Risk and Macroeconomic Stability in the Eurozone, JCMS: Journal of Common Market Studies. 50(6): 866–880.
    Paper not yet in RePEc: Add citation now
  45. de Mello, Luiz (2008). Estimating a Fiscal Reaction Function: The Case of Debt Sustainability in Brazil, Applied Economics. 40(3): 271–284.

  46. De Santis, Roberto A. (2012). The Euro area sovereign debt crisis: safe haven, credit rating agencies and the spread of the fever from Greece, Ireland and Portugal, ECB Working Paper Series No. 1419.

  47. Denis, Cécile, Kieran McMorrow and Werner Röger (2002). Production function approach to calculating potential growth and output gaps – estimates for the EU Member States and the US, European Economy - Economic Papers No. 176.

  48. Doi, Takero, Takeo Hoshi and Tatsuyoshi Okimoto (2011). Japanese government debt and sustainability of fiscal policy, Journal of the Japanese and International Economies. 25(4): 414–433.

  49. Driscoll, John C. and Aart Kraay (1998). Consistent Covariance Matrix Estimation With Spatially Dependent Panel Data, The Review of Economics and Statistics. 80(4): 549–560.

  50. European Commission (2000). European Economy Public finances in EMU – 2000, European Economy – Reports and Studies No. 3, European Commission.
    Paper not yet in RePEc: Add citation now
  51. European Commission (2011). Public finances in EMU - 2011, European Economy No. 3.
    Paper not yet in RePEc: Add citation now
  52. European Commission (2014). Cyclical Adjustment of Budget Balances – Autumn 2014.
    Paper not yet in RePEc: Add citation now
  53. Favero, Carlo A. and Massimiliano Marcellino (2005). Modelling and Forecasting Fiscal Variables for the Euro Area, Oxford Bulletin of Economics and Statistics. 67(S1): 755–783.

  54. Favero, Carlo and Tommaso Monacelli (2005). Fiscal Policy Rules and Regime (In)Stability: Evidence from the U.S., IGIER Working Papers No. 282.
    Paper not yet in RePEc: Add citation now
  55. Fernández-Villaverde, Jesús, Luis Garicano and Tano Santos (2013). Political Credit Cycles: the Case of the Euro Zone, Journal of Economic Perspectives. 27(3): 145–166.
    Paper not yet in RePEc: Add citation now
  56. Fischer, Stanley and William Easterly (1990). The economics of the government budget constraint, World Bank Research Observer. 5(2): 127–142.
    Paper not yet in RePEc: Add citation now
  57. Frees, Edward W. (2004). Longitudinal and panel data: Analysis and Applications in the Social Sciences. Cambridge: Cambridge University Press.

  58. Gerlach, Stefan, Alexander Schulz and Guntram B. Wolff (2010). Banking and sovereign risk in the euro-area, CEPR Discussion Paper No. 7833.

  59. Ghosh, Atish R., Jun I. Kim, Enrique G. Mendoza, Jonathan D. Ostry and Mahvash S. Qureshi (2013). Fiscal Fatigue, Fiscal Space and Debt Sustainability in Advanced Economies, The Economic Journal. 123(566): F4–F30.

  60. Gibson, Heather D., Stephen G. Hall and George S. Tavlas (2012). The Greek financial crisis: Growing imbalances and sovereign spreads, Journal of International Money and Finance. 31(3): 498–516.

  61. Greiner, Alfred, Uwe Köller and Willi Semmler (2007). Debt sustainability in the European Monetary Union: Theory and empirical evidence for selected countries, Oxford Economic Papers. 59(2007): 194–218.

  62. Gros, Daniel (2013). The austerity debate is beside the point for Europe, CEPS Commentaries. May 8.
    Paper not yet in RePEc: Add citation now
  63. Gylafson, Thorvaldur (2011). Natural Resource Endowment: A Mixed Blessing?, CESifo Working Paper No. 3353.
    Paper not yet in RePEc: Add citation now
  64. Haugh, David, Patrice Ollivaud and David Turner (2009). What Drives Sovereign Risk Premiums?: An Analysis of Recent Evidence from the Euro Area, OECD Economics Department Working Papers No. 718.

  65. Heppke-Falk, Kirsten H. and Guntram B. Wolff (2008). Moral Hazard and Bail-Out in Fiscal Federations: Evidence for the German Länder, Kyklos. 61(3): 425–446.

  66. Heylen, Freddy, Annelies Hoebeeck and Tim Buyse (2013). Government efficiency, institutions, and the effects of fiscal consolidation on public debt, European Journal of Political Economy. 31(C): 40–59.

  67. Hoang, Nam T. and Robert F. McNown (2006). Panel Data Unit Roots Tests Using Various Estimation Methods, University of Colorado Bulletin. 6: 33–66.
    Paper not yet in RePEc: Add citation now
  68. IMF (2003). Public Debt in Emerging Markets, World Economic Outlook. September: 113–152.
    Paper not yet in RePEc: Add citation now
  69. Ito, Arata, Tsutomu Watanabe and Tomoyoshi Yabu (2011). Fiscal Policy Switching in Japan, the US, and the UK, Journal of the Japanese and International Economies. 25(4): 380–413.

  70. Kang Joong S. and Jay Shambaugh (2014). Progress Towards External Adjustment in the Euro Area Periphery and the Baltics, IMF Working Paper No. 14/131.

  71. Kaplanoglou, Georgia, Vassilis T. Rapanos and Ioanna C. Bardakas (2015). Does Fairness Matter for the Success of Fiscal Consolidation?, Kyklos. 68(2): 197–219.

  72. Kiviet, Jan F. (1995). On Bias, Inconsistency and Efficiency of Various Estimators in Dynamic Panel Data Models, Journal of Econometrics. 68(1): 53–78.

  73. Lane, Philip R. (2012). The European Sovereign Debt Crisis, Journal of Economic Perspectives. 26(3): 49–68.

  74. Laubach, Thomas (2011). Fiscal Policy and Interest Rates: The Role of Sovereign Default Risk, in: Richard Clarida and Francesco Giavazzi (eds), NBER International Seminar on Macroeconomics 2010. Chicago: University of Chicago Press: 7–29.

  75. Legrenzi, Gabriella and Costas Milas (2013). Modelling the fiscal reaction functions of the GIPS based on state-varying thresholds, Economics Letters. 121: 384–389.

  76. Maddala, G. S. and Shaowen Wu (1999). A comparative study of unit root tests with panel data and a new simple test, Oxford Bulletin of Economics and Statistics. 61(S1): 631–652.

  77. Manganelli, Simone and Guido Wolswijk (2009). What drives spreads in the euro area government bond market?, Economic Policy. 24(58): 191–240.

  78. Mauro, Paolo, Rafael Romeu, Ariel Binder and Asad Zaman (2013). A Modern History of Fiscal Prudence and Profligacy, IMF Working Paper No. 13/5.

  79. McDermott, C. John and Robert F. Westcott (1996). An Empirical Analysis of Fiscal Adjustments, IMF Staff Papers. 43(4): 723–753.

  80. Medeiros, João (2012). Stochastic debt simulation using VAR models and a panel fiscal reaction function – results for a selected number of countries, European Economy - Economic Papers No. 459.

  81. Mehlum, Halvor, Karl Moene and Ragnar Torvik (2006). Cursed by Resources or Institutions?, World Economy. 29(8): 1117–1131.

  82. Mendoza, Enrique G. and Jonathan D. Ostry (2008). International evidence on fiscal solvency: Is fiscal policy ’responsible’?, Journal of Monetary Economics. 55(6): 1081–1093.

  83. Molnár, Margit (2013). Fiscal consolidation: What factors determine the success of consolidation efforts?, OECD Journal: Economic Studies. 2012/1(5): 123–149.
    Paper not yet in RePEc: Add citation now
  84. Pesaran, M. Hashem (2007). A Simple Panel Unit Root Test in the Presence of Cross-Section Dependence, Journal of Applied Econometrics. 22(2): 265–312.

  85. Purfield, Catriona (2003). Fiscal Adjustment in Transition Countries: Evidence from the 1990s, IMF Working Paper No. 03/36.

  86. Sakuragawa, Masaya and Kaoru Hosono (2011). Fiscal Sustainability in Japan, Journal of Japanese and International Economies. 25(4): 434–446.

  87. Schaltegger, Christoph A. and Martin Weder (2014). Fiscal adjustment and the costs of public debt service: evidence from OECD countries, Applied Economics. 46(22): 2593–2610.

  88. Schaltegger, Christoph A. and Martin Weder (2015). Fiscal Adjustments and the Probability of Sovereign Default, Kyklos. 68(1): 81–110.

  89. Schoder, Christian (2014). The fundamentals of sovereign debt sustainability: evidence from 15 OECD countries, Empirica. 41(2014): 247–271.

  90. Shambaugh, Jay C. (2012). The Euro’s Three Crises, Brookings Papers on Economic Activity. 44(1): 157–231.

  91. Steikamp, Sven and Frank Westermann (2014). The role of creditor seniority in Europe’s sovereign debt crisis, Economic Policy. 29(79): 495–552.
    Paper not yet in RePEc: Add citation now
  92. Svensson, Jakob (2000). Foreign Aid and Rent-Seeking, Journal of International Economics. 51(2): 437–461.

  93. Theofilakou, Nancy and Yannis Stournaras (2012). Government solvency and financial markets: Dynamic panel estimates for the European Monetary Union, Economics Letters. 115(2012): 130–133.

  94. Tsibouris, George C., Mark A. Horton, Mark J. Flanagan and Wojciech S. Maliszewski (2006). Experience with Large Fiscal Adjustments, IMF Occasional Paper No. 246.

  95. Vamvakidis, Athanasios (2007). External Debt and Economic Reform: Does a Pain Reliever Delay the Necessary Treatment, IMF Working Paper No. 07/50.

  96. von Hagen, Jurgen and Rolf Strauch (2001). Fiscal Consolidations: Quality, Economic Conditions, and Success, Public Choice. 109(3-4): 327–46.

  97. von Hagen, Jurgen, Andrew Hughes-Hallett and Rolf Strauch (2002). Budgetary Consolidation in Europe: Quality, Economic Conditions, and Persistence, Journal of the Japanese and International Economies. 16(4): 512–535.

  98. von Hagen, Jurgen, Ludger Schuknecht and Guido Wolswijk (2011). Government bond risk premiums in the EU revisited: The impact of the financial crisis, European Journal of Political Economy. 27(1): 36–43.

  99. Weichenrieder, Alfons J. and Jochen Zimmer (2014). Euro Membership and Fiscal Reaction Functions, International Tax and Public Finance. 21(4): 598–613.3

Cocites

Documents in RePEc which have cited the same bibliography

  1. Measuring Redenomination Risks in the Euro Area - New Evidence from Survey Data. (2019). Klose, Jens.
    In: MAGKS Papers on Economics.
    RePEc:mar:magkse:201903.

    Full description at Econpapers || Download paper

  2. Sovereign Bond Yields Spreads Spillovers in the EMU. (2018). Afonso, Antonio ; Kazemi, Mina.
    In: Working Papers REM.
    RePEc:ise:remwps:wp0522018.

    Full description at Econpapers || Download paper

  3. Euro Area Sovereign Yields and the Power of Unconventional Monetary Policy. (2018). Kazemi, Mina ; Afonso, Antonio.
    In: Czech Journal of Economics and Finance (Finance a uver).
    RePEc:fau:fauart:v:68:y:2018:i:2:p:100-119.

    Full description at Econpapers || Download paper

  4. “Whatever it takes” to resolve the European sovereign debt crisis? Bond pricing regime switches and monetary policy effects. (2018). Kontonikas, Alexandros ; Gadea, María ; Arghyrou, Michael ; Afonso, Antonio.
    In: Journal of International Money and Finance.
    RePEc:eee:jimfin:v:86:y:2018:i:c:p:1-30.

    Full description at Econpapers || Download paper

  5. Quantitative Easing and Sovereign Yield Spreads: Euro-Area Time-Varying Evidence. (2017). Jalles, Joao ; Afonso, Antonio.
    In: Working Papers REM.
    RePEc:ise:remwps:wp0202017.

    Full description at Econpapers || Download paper

  6. Whatever it takes to resolve the European sovereign debt crisis? Bond pricing regime switches and monetary policy effects. (2017). Kontonikas, Alexandros ; Gadea, María ; Arghyrou, Michael ; Afonso, Antonio.
    In: Working Papers REM.
    RePEc:ise:remwps:wp0022017.

    Full description at Econpapers || Download paper

  7. Euro area sovereign yields and the power of QE. (2017). Kazemi, Mina ; Afonso, Antonio.
    In: Working Papers Department of Economics.
    RePEc:ise:isegwp:wp122017.

    Full description at Econpapers || Download paper

  8. Risk assessment on euro area government bond markets – The role of governance. (2017). Boysen-Hogrefe, Jens.
    In: Journal of International Money and Finance.
    RePEc:eee:jimfin:v:73:y:2017:i:pa:p:104-117.

    Full description at Econpapers || Download paper

  9. Sovereign bond market reactions to no-bailout clauses and fiscal rules – The Swiss experience. (2017). Osterloh, Steffen ; Feld, Lars ; Moessinger, Marc-Daniel ; Kalb, Alexander.
    In: Journal of International Money and Finance.
    RePEc:eee:jimfin:v:70:y:2017:i:c:p:319-343.

    Full description at Econpapers || Download paper

  10. Whatever it takes to Resolve the European Sovereign Debt Crisis? Bond Pricing Regime Switches and Monetary Policy Effects. (2017). Kontonikas, Alexandros ; Gadea, María ; Arghyrou, Michael ; Afonso, Antonio.
    In: CESifo Working Paper Series.
    RePEc:ces:ceswps:_6691.

    Full description at Econpapers || Download paper

  11. Whatever it takes to resolve the European sovereign debt crisis? Bond pricing regime switches and monetary policy effects. (2017). Kontonikas, Alexandros ; Gadea, María ; Arghyrou, Michael ; Afonso, Antonio.
    In: Cardiff Economics Working Papers.
    RePEc:cdf:wpaper:2017/12.

    Full description at Econpapers || Download paper

  12. Revisiting Sovereign Bond Spreads’Determinants in the EMU. (2016). Reis, Manuel ; Afonso, Antonio.
    In: Working Papers Department of Economics.
    RePEc:ise:isegwp:wp082016.

    Full description at Econpapers || Download paper

  13. ifo Konjunkturumfragen und Konjunkturanalyse: Band II. (2016). Nierhaus, Wolfgang ; Wollmershauser, Timo.
    In: ifo Forschungsberichte.
    RePEc:ces:ifofob:72.

    Full description at Econpapers || Download paper

  14. Zinsersparnisse des Bundes im Zeitraum 2009 - 06/2015 und als Szenariobetrachtung bis 2019. (2015). Ehrhold, Frank ; Rahausen, Christian .
    In: Wirtschaftswissenschaftliche Diskussionspapiere.
    RePEc:zbw:grewdp:022015.

    Full description at Econpapers || Download paper

  15. Membership in the Euro area and fiscal sustainability. Analysis through panel fiscal reaction functions.. (2015). Trzeciakowski, Rafał ; Rzońca, Andrzej ; Ciżkowicz, Piotr ; Rzonca, Andrzej.
    In: MPRA Paper.
    RePEc:pra:mprapa:61560.

    Full description at Econpapers || Download paper

  16. Sovereign Risk, European Crisis-Resolution Policies, and Bond Spreads. (2015). Vilmunen, Jouko ; Laakkonen, Helinä ; Kilponen, Juha.
    In: International Journal of Central Banking.
    RePEc:ijc:ijcjou:y:2015:q:2:a:8.

    Full description at Econpapers || Download paper

  17. Windfall of Low Interest Payments and Fiscal Sustainability in the Euro Area: Analysis through Panel Fiscal Reaction Functions. (2015). Trzeciakowski, Rafał ; Rzońca, Andrzej ; Ciżkowicz, Piotr ; Cikowicz, Piotr ; Rzoca, Andrzej.
    In: Kyklos.
    RePEc:bla:kyklos:v:68:y:2015:i:4:p:475-510.

    Full description at Econpapers || Download paper

  18. Default probabilities, CDS premiums and downgrades : A probit-MIDAS analysis. (2014). Freitag, Lennart ; Freitag L., .
    In: Research Memorandum.
    RePEc:unm:umagsb:2014038.

    Full description at Econpapers || Download paper

  19. Expectations and systemic risk in EMU government bond spreads. (2014). Piersanti, Giovanni ; Canofari, Paolo ; Giovanni, Piersanti ; Giancarlo, Marini .
    In: wp.comunite.
    RePEc:ter:wpaper:0113.

    Full description at Econpapers || Download paper

  20. Expectations and Systemic Risk in EMU Government Bond Spreads. (2014). Piersanti, Giovanni ; Canofari, Paolo ; Marini, Giancarlo.
    In: LEAP Working Papers.
    RePEc:ris:sepewp:2014_001.

    Full description at Econpapers || Download paper

  21. Spillover Effects in Government Bond Spreads: Evidence from a GVAR Model. (2014). Niehof, Britta .
    In: MAGKS Papers on Economics.
    RePEc:mar:magkse:201458.

    Full description at Econpapers || Download paper

  22. “An Update on EMU Sovereign Yield Spread Drivers in Times of Crisis: A Panel Data Analysis”. (2014). Sosvilla-Rivero, Simon ; Ramos Herrera, Maria del Carmen ; Gómez-Puig, Marta ; Gomez-Puig, Marta ; Maria del Carmen Ramos-Herrera, .
    In: IREA Working Papers.
    RePEc:ira:wpaper:201407.

    Full description at Econpapers || Download paper

  23. A unified approach to investigate pure and wake-up-call contagion: Evidence from the Eurozones first financial crisis. (2014). Ludwig, Alexander.
    In: Journal of International Money and Finance.
    RePEc:eee:jimfin:v:48:y:2014:i:pa:p:125-146.

    Full description at Econpapers || Download paper

  24. Sovereign risk premia: The link between fiscal rules and stability culture. (2014). Osterloh, Steffen ; Heinemann, Friedrich ; Kalb, Alexander.
    In: Journal of International Money and Finance.
    RePEc:eee:jimfin:v:41:y:2014:i:c:p:110-127.

    Full description at Econpapers || Download paper

  25. The pricing of G7 sovereign bond spreads – The times, they are a-changin. (2014). Ehrmann, Michael ; D'Agostino, Antonello ; Dagostino, Antonello.
    In: Journal of Banking & Finance.
    RePEc:eee:jbfina:v:47:y:2014:i:c:p:155-176.

    Full description at Econpapers || Download paper

  26. An update on EMU sovereign yield spread drivers in times of crisis: A panel data analysis. (2014). Sosvilla-Rivero, Simon ; Ramos Herrera, Maria del Carmen ; Gómez-Puig, Marta ; Ramos-Herrera, Maria del Carmen, ; Gomez-Puig, Marta.
    In: The North American Journal of Economics and Finance.
    RePEc:eee:ecofin:v:30:y:2014:i:c:p:133-153.

    Full description at Econpapers || Download paper

  27. An update on EMU sovereign yield spread drivers in time of crisis: A panel data analysis. (2014). Sosvilla-Rivero, Simon ; Ramos Herrera, Maria del Carmen ; Gómez-Puig, Marta ; Gomez-Puig, Marta ; Maria del Carmen Ramos-Herrera, .
    In: Working Papers.
    RePEc:bak:wpaper:201404.

    Full description at Econpapers || Download paper

  28. Sovereign spreads and financial market behavior before and during the crisis. (2014). Gajewski, Pawel.
    In: Lodz Economics Working Papers.
    RePEc:ann:wpaper:4/2014.

    Full description at Econpapers || Download paper

  29. Sovereign risk premia: The link between fiscal rules and stability culture. (2013). Osterloh, Steffen ; Heinemann, Friedrich ; Kalb, Alexander.
    In: ZEW Discussion Papers.
    RePEc:zbw:zewdip:13016.

    Full description at Econpapers || Download paper

  30. Sovereign risk premia: The link between fiscal rules and stability culture. (2013). Osterloh, Steffen ; Heinemann, Friedrich ; Kalb, Alexander.
    In: VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order.
    RePEc:zbw:vfsc13:80043.

    Full description at Econpapers || Download paper

  31. Sovereign risk contagion in the Eurozone: A time-varying coefficient approach. (2013). Ludwig, Alexander.
    In: Dresden Discussion Paper Series in Economics.
    RePEc:zbw:tuddps:0213.

    Full description at Econpapers || Download paper

  32. Sovereign yield spreads during the Euro-crisis: Fundamental factors versus redenomination risk. (2013). Weigert, Benjamin ; Klose, Jens.
    In: Working Papers.
    RePEc:zbw:svrwwp:072012r.

    Full description at Econpapers || Download paper

  33. Weathering the Crisis and Beyond: Perspectives for the Euro Area. (2013). Weigert, Benjamin ; Schmidt, Christoph.
    In: Ruhr Economic Papers.
    RePEc:zbw:rwirep:409.

    Full description at Econpapers || Download paper

  34. The euro as a proxy for the classical gold standard? Government debt financing and political commitment in historical perspective. (2013). Hoffmann, Andreas.
    In: Working Papers.
    RePEc:zbw:leiwps:119.

    Full description at Econpapers || Download paper

  35. Weathering the Crisis and Beyond: Perspectives for the Euro Area. (2013). .
    In: Ruhr Economic Papers.
    RePEc:rwi:repape:0409.

    Full description at Econpapers || Download paper

  36. Sovereign risk contagion in the Eurozone: a time-varying coefficient approach. (2013). Ludwig, Alexander.
    In: MPRA Paper.
    RePEc:pra:mprapa:52340.

    Full description at Econpapers || Download paper

  37. Weathering the crisis and beyond: perspectives for the Euro area. (2013). Weigert, Benjamin ; Schmidt, Christoph.
    In: International Tax and Public Finance.
    RePEc:kap:itaxpf:v:20:y:2013:i:4:p:564-595.

    Full description at Econpapers || Download paper

  38. On the time-varying relationship between EMU sovereign spreads and their determinants. (2013). Kontonikas, Alexandros ; Arghyrou, Michael ; Afonso, Antonio ; Bagdatoglou, George .
    In: Working Papers Department of Economics.
    RePEc:ise:isegwp:wp052013.

    Full description at Econpapers || Download paper

  39. On the time-varying relationship between EMU sovereign spreads and their determinants. (2013). Kontonikas, Alexandros ; Arghyrou, Michael ; Afonso, Antonio ; Bagdatoglou, George .
    In: Working Papers.
    RePEc:gla:glaewp:2013_05.

    Full description at Econpapers || Download paper

  40. A dynamic factor model with time-varying loadings for euro area bond markets during the debt crisis. (2013). Boysen-Hogrefe, Jens.
    In: Economics Letters.
    RePEc:eee:ecolet:v:118:y:2013:i:1:p:50-54.

    Full description at Econpapers || Download paper

  41. On the time-varying relationship between EMU sovereign spreads and their determinants. (2013). Kontonikas, Alexandros ; Arghyrou, Michael ; Afonso, Antonio ; Bagdatoglou, George .
    In: SIRE Discussion Papers.
    RePEc:edn:sirdps:474.

    Full description at Econpapers || Download paper

  42. Weathering the crisis and beyond: Perspectives for the Euro Area. (2013). Weigert, Benjamin ; Schmidt, Christoph.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:9414.

    Full description at Econpapers || Download paper

  43. The Euro as a Proxy for the Classical Gold Standard? Government Debt Financing and Political Commitment in Historical Perspective. (2013). Hoffmann, Andreas.
    In: Journal des Economistes et des Etudes Humaines.
    RePEc:bpj:jeehcn:v:19:y:2013:i:1:p:41-61:n:4.

    Full description at Econpapers || Download paper

  44. Determinants of sovereign yield spreads during the Euro-crisis: Fundamental factors versus systemic risk. (2012). Weigert, Benjamin ; Klose, Jens.
    In: Working Papers.
    RePEc:zbw:svrwwp:072012.

    Full description at Econpapers || Download paper

  45. Modelling and Forecasting Yield Differentials in the euro area. A non-linear Global VAR model. (2012). Favero, Carlo.
    In: Working Papers.
    RePEc:igi:igierp:431.

    Full description at Econpapers || Download paper

  46. Für einen Schuldenschnitt und gegen den Rettungsschirm? Argumente auf dem Prüfstand. (2011). Boysen-Hogrefe, Jens.
    In: Kiel Policy Brief.
    RePEc:zbw:ifwkpb:29.

    Full description at Econpapers || Download paper

  47. Was kosten Eurobonds?. (2011). Sinn, Hans-Werner ; Carstensen, Kai ; Berg, Tim ; Oliverberg, Tim.
    In: ifo Schnelldienst.
    RePEc:ces:ifosdt:v:64:y:2011:i:17:p:25-33.

    Full description at Econpapers || Download paper

  48. Schwache Konjunktur im Euroraum: Nur langsamer Abbau der Ungleichgewichte. (2010). Gern, Klaus ; Dovern, Jonas ; Boysen-Hogrefe, Jens ; Meier, Carsten-Patrick .
    In: Open Access Publications from Kiel Institute for the World Economy.
    RePEc:zbw:ifwkie:45583.

    Full description at Econpapers || Download paper

  49. Sovereign bond yield spreads: a time-varying coefficient approach. (2010). Bernoth, Kerstin ; Erdogan, Burcu .
    In: Discussion Papers.
    RePEc:zbw:euvwdp:289.

    Full description at Econpapers || Download paper

  50. Sovereign Bond Yield Spreads: A Time-Varying Coefficient Approach. (2010). Bernoth, Kerstin ; Erdogan, Burcu .
    In: Discussion Papers of DIW Berlin.
    RePEc:diw:diwwpp:dp1078.

    Full description at Econpapers || Download paper

Coauthors

Authors registered in RePEc who have wrote about the same topic

Report date: 2025-09-20 20:22:57 || Missing content? Let us know

CitEc is a RePEc service, providing citation data for Economics since 2001. Last updated August, 3 2024. Contact: Jose Manuel Barrueco.