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Appraising fiscal reaction functions. (2011). Afonso, Antonio ; Tovar-Valles, Joo .
In: Working Papers Department of Economics.
RePEc:ise:isegwp:wp232011.

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  1. Determinants of the degree of fiscal sustainability. (2025). Afonso, Antonio ; Alves, Jos ; Coelho, Jos Carlos.
    In: International Journal of Finance & Economics.
    RePEc:wly:ijfiec:v:30:y:2025:i:2:p:1190-1205.

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  2. Impact of sovereign debt maturity on fiscal sustainability. (2024). Afonso, Antonio ; Matvejevs, Olegs ; Alves, Josee ; Tkacevs, Olegs.
    In: Working Papers.
    RePEc:ltv:wpaper:202405.

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  3. Impact of Sovereign Debt Maturity on Fiscal Sustainability. (2024). Tkacevs, Olegs ; Alves, José ; Afonso, Antonio ; Matvejevs, Olegs.
    In: Working Papers REM.
    RePEc:ise:remwps:wp03582024.

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  4. Impact of Sovereign Debt Maturity on Fiscal Sustainability. (2024). Alves, José ; Afonso, Antonio ; Tkaevs, Oegs ; Matvejevs, Oegs.
    In: CESifo Working Paper Series.
    RePEc:ces:ceswps:_11499.

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  5. Determinants of the degree of fiscal sustainability. (2023). Coelho, José Carlos ; Alves, José ; Afonso, Antonio.
    In: Working Papers REM.
    RePEc:ise:remwps:wp02552023.

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  6. Determinants of the Degree of Fiscal Sustainability. (2023). Coelho, José Carlos ; Alves, José ; Afonso, Antonio.
    In: CESifo Working Paper Series.
    RePEc:ces:ceswps:_10225.

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  7. Estimating Fiscal Reaction Functions for Developing and Developed Countries: A Dynamic Panel Threshold Analysis. (2022). Turan, Taner ; Iyidogan, Pelin Varol.
    In: Journal of Economics / Ekonomicky casopis.
    RePEc:sav:journl:v:70:y:2022:i:5:p:393-410.

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  8. Fiscal reaction function and fiscal fatigue: evidence for the euro area. (2017). Checherita Westphal, Cristina ; Arek, Vaclav ; Checherita-Westphal, Cristina.
    In: Working Paper Series.
    RePEc:ecb:ecbwps:20172036.

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  9. 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.

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  10. Estimating fiscal policy reaction functions: The role of model specification. (2015). Plödt, Martin ; Ademmer, Martin ; Plodt, Martin ; Reicher, Claire A.
    In: Journal of Macroeconomics.
    RePEc:eee:jmacro:v:46:y:2015:i:c:p:113-128.

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  11. 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.

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  12. Fiscal policy, output and financial stress in the case of developing and emerging European economies: a threshold VAR approach. (2014). Shijaku, Gerti.
    In: MPRA Paper.
    RePEc:pra:mprapa:79139.

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  13. The behaviour of US and UK public debt: further evidence based on time varying parameters. (2014). Tiwari, Aviral ; Mutascu, Mihai ; Bolat, Suleyman.
    In: Working Papers.
    RePEc:hal:wpaper:halshs-01107962.

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  14. Estimating Indias Fiscal Reaction Function. (2013). Nguyen, Truong.
    In: ASARC Working Papers.
    RePEc:pas:asarcc:2013-05.

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  15. Sustainability of fiscal policy: the case of Albania. (2012). Shijaku, Gerti.
    In: MPRA Paper.
    RePEc:pra:mprapa:79089.

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  16. Revisiting fiscal sustainability: panel cointegration and structural breaks in OECD countries. (2012). Jalles, Joao ; Afonso, Antonio.
    In: Working Papers Department of Economics.
    RePEc:ise:isegwp:wp292012.

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References

References cited by this document

  1. 1. Abbas, A., Belhocine, N., ElGanainy, A., Horton, M. (2010), âA Historical Public Debt Databaseâ, IMF Working Paper No. 10/245.

  2. 2. Afonso, A. (2008), âRicardian Fiscal Regimes in the European Unionâ, Empirica, 35 (3), 313â334.

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  5. 6. Bohn, H. (2008). âThe Sustainability of Fiscal Policy in the United States,â in Neck, R., Sturm, J.-E. (eds.), Sustainability of Public Debt. The MIT Press, Cambridge, Massachussets.
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  6. 7. Canzoneri, M., Cumby, R., Diba, B. (2001), âFiscal discipline and exchange rate regimesâ, Economic Journal,, 667-690.
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  7. 8. Driscoll, John and Aart C. Kraay (1998), Consistent Covariance Matrix Estimation With Spatially Dependent Panel Data, Review of Economics and Statistics, 80(4), 549-560 9. Eberhard, M. and Teal, F. (2011), âEconometrics for Grunblers: A new look at the literature on cross-country growth empiricsâ, Journal of Economic Surveys, 25(1), 109155.

  8. Table 2: Robustness: Estimations of Debt Ratios and Primary Balances: 1970-2010 Dependent Variable: â Debt Dependent Variable: â Primary balance Method Driscoll-Kraay CCEMG MG AMG Driscoll-Kraay CCEMG MG AMG âDebt (-1) 0.50*** 0.43*** 0.34*** 0.16*** 0.06 0.08*** 0.10*** 0.08*** (0.084) (0.048) (0.052) (0.042) (0.039) (0.023) (0.024) (0.020) âPrimary balance (-1) -0.30* -0.22** -0.12-0.21** 0.15 0.17** -0.05 0.12** (0.143) (0.109) (0.091) (0.090) (0.106) (0.075) (0.056) (0.048) Obs. 596 596 596 596 625 625 625 625 Note: The models are estimated by either Fixed Effects Driscoll-Kraay robust S.E., Common Correlated Effects Mean Group, Mean Group, or Augmented Mean Group. Standard errors are reported in parenthesis below each coefficient estimate. A constant term has been estimated but it is not reported for reasons of parsimony. *, **, *** denote significance at 10, 5 and 1% levels.
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