create a website

Fiscal reaction functions for the advanced economies revisited. (2022). Fachin, Stefano ; Di Iorio, Francesca.
In: Empirical Economics.
RePEc:spr:empeco:v:62:y:2022:i:6:d:10.1007_s00181-021-02119-y.

Full description at Econpapers || Download paper

Cited: 6

Citations received by this document

Cites: 26

References cited by this document

Cocites: 60

Documents which have cited the same bibliography

Coauthors: 0

Authors who have wrote about the same topic

Citations

Citations received by this document

  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.

    Full description at Econpapers || Download paper

  2. Debt by rules: Recrafting impact of infrastructure investments and business cycles on debt sustainability. (2025). Shobande, Olatunji A ; Ogbeifun, Lawrence.
    In: Structural Change and Economic Dynamics.
    RePEc:eee:streco:v:73:y:2025:i:c:p:282-306.

    Full description at Econpapers || Download paper

  3. Budgetary constrained governments: drivers of time varying fiscal sustainability in OECD countries. (2024). Coelho, José ; Afonso, Antonio.
    In: Working Papers REM.
    RePEc:ise:remwps:wp03252024.

    Full description at Econpapers || Download paper

  4. Budgetary Constrained Governments: Drivers of Time Varying Fiscal Sustainability in OECD Countries. (2024). Coelho, José ; Afonso, Antonio.
    In: CESifo Working Paper Series.
    RePEc:ces:ceswps:_11137.

    Full description at Econpapers || Download paper

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

    Full description at Econpapers || Download paper

  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.

    Full description at Econpapers || Download paper

References

References cited by this document

  1. Afonso A, Jalles JT (2020) Stock flow adjustments in sovereign debt dynamics: the role of fiscal frameworks. Int Rev Econ Finance 65:1–16.

  2. Bohn H (1998) The behavior of U.S. public debt and deficits. Q J Econ 113:949–963.

  3. Bohn H (2008) “The sustainability of fiscal policy in the United States” Chap. 2. In: Neck R, Sturm J-E (eds) Sustainability of public debt. MIT Press, Cambridge (USA).
    Paper not yet in RePEc: Add citation now
  4. Cavaliere G, Taylor AM (2009) Heteroskedastic time series with a unit root. Econom Theory 25:1228–1276.

  5. Checherita-Westphal C, Žd’árek V (2017) Fiscal reaction function and fiscal fatigue: evidence for the euro area. ECB Working Paper no. 2036.
    Paper not yet in RePEc: Add citation now
  6. D’Erasmo P, Mendoza EG, Zhang J (2016) What is a sustainable public debt? In: Taylor JB, Uhlig H (eds) Handbook of macroeconomics, vol 2. North-Holland, Amsterdam (NL), pp 2493–2597.

  7. Di Iorio F, Fachin S (2014) Savings and investments in the OECD: a panel cointegration study with a new bootstrap test. Empir Econ 46:1271–1300. https://doi.org/10.1007/s00181-013-0722-5 .

  8. ECB (2016) Government debt reduction strategies in the euro area. Econ Bull 3:46–65.
    Paper not yet in RePEc: Add citation now
  9. Ermini L, Granger CWJ (1993) Some generalizations on the Algebra of I(1) processes. J Econom 58:369–384.

  10. European Commission (1998) Commission’s recommendation concerning the third stage of economic and monetary union—cConvergence report 1998. European Economy no. 65.
    Paper not yet in RePEc: Add citation now
  11. Everaert G, Jansen S (2018) On the estimation of panel fiscal reaction functions: Heterogeneity or fiscal fatigue? Econ Model 70:87–96.

  12. Eyraud L, Gaspar V, Poghosyan T(2017) Fiscal politics in the Euro area. IMF Working Paper WP/17/18.
    Paper not yet in RePEc: Add citation now
  13. Ghosh AR, Kim JI, Mendoza EG, Ostry JD, Qureshi MS (2013) Fiscal fatigue, fiscal space and debt sustainability in advanced economies. Econ J 123:F4–F30.

  14. Gregoir S, Laroque G (1994) Polynomial cointegration estimation and test. J Econom 63:183–214.

  15. IMF-IEO (2016) The IMF and the crises in Greece, Ireland, and Portugal International Monetary Fund. Washington (USA).
    Paper not yet in RePEc: Add citation now
  16. Mauro P, Romeu R, Binder A, Zaman A (2015) A modern history of fiscal prudence and profligacy. J Monet Econ 76:55–70.

  17. OECD (2019) OECD economic surveys: Iceland 2019. OECD Publishing, Paris. https://doi.org/10.1787/c362e536-en .
    Paper not yet in RePEc: Add citation now
  18. Pesaran HM (2015) Testing weak cross-sectional dependence in large panels. Econom Rev 34:1089–1117.

  19. Phillips PCB, Hansen BE (1990) Statistical inference in instrumental variables regression with I(1) processes. Rev Econ Stud 57:99–125.

  20. Phillips PCB, Ouliaris S (1990) Asymptotic properties of residual based tests for cointegration. Econometrica 58:165–193.

  21. Plödt M, Reicher CA (2015) Estimating fiscal policy reaction functions: the role of model specification. J Macroecon 46:113–128.
    Paper not yet in RePEc: Add citation now
  22. Priewe J (2020) Why 60 and 3 percent? European debt and deficit rules—critique and alternatives. IMK Studies no. 66.

  23. Shin Y (1994) A residual based test for the null of cointegration against the alternative of no cointegration. Econom Theory 10:91–115.

  24. Trehan B, Walsh C (1991) Testing intertemporal budget constraints: theory and applications to U.S. Federal budget and current account deficits. J Money Credit Bank 23:206–223.

  25. Wagner M (2015) The environmental Kuznets curve, cointegration and nonlinearity. J Appl Econom 30:948–967.

  26. Wagner M, Hong SH (2016) Cointegrating polynomial regressions: fully modified OLS estimation and inference. Econom Theory 32:1289–1315.

Cocites

Documents in RePEc which have cited the same bibliography

  1. Private investment and public investment: total rates of return and global balances in the OECD. (2025). Alves, José ; Afonso, Antonio ; Monteiro, Sofia.
    In: Working Papers REM.
    RePEc:ise:remwps:wp03632025.

    Full description at Econpapers || Download paper

  2. Private Investment and Public Investment: Total Rates of Return and Global Balances in the OECD. (2025). Alves, José ; Afonso, Antonio ; Monteiro, Sofia.
    In: CESifo Working Paper Series.
    RePEc:ces:ceswps:_11634.

    Full description at Econpapers || Download paper

  3. Don’t blame the government!? An assessment of debt forecast errors with a view to the EU Economic Governance Review. (2024). Prammer, Doris ; Bachleitner, Alena.
    In: European Journal of Political Economy.
    RePEc:eee:poleco:v:82:y:2024:i:c:s0176268024000260.

    Full description at Econpapers || Download paper

  4. Stock-flow adjustments, public debt management and interest costs. (2023). Dia, Enzo ; Cerniglia, Floriana ; Casalin, Fabrizio.
    In: Economic Modelling.
    RePEc:eee:ecmode:v:129:y:2023:i:c:s0264999323003437.

    Full description at Econpapers || Download paper

  5. Government debt and fiscal execution efficiency. (2022). Chiu, yung-ho ; Chang, Tzuhan ; Lin, Taiyu ; Huang, Kueiying.
    In: Managerial and Decision Economics.
    RePEc:wly:mgtdec:v:43:y:2022:i:1:p:111-128.

    Full description at Econpapers || Download paper

  6. Fiscal reaction functions for the advanced economies revisited. (2022). Fachin, Stefano ; Di Iorio, Francesca.
    In: Empirical Economics.
    RePEc:spr:empeco:v:62:y:2022:i:6:d:10.1007_s00181-021-02119-y.

    Full description at Econpapers || Download paper

  7. Fiscal Rules and Economic Cycles: Quality (Always) Matters. (2022). Valencia, Oscar ; Urrea-Rios, Ivan ; Hirs-Garzon, Jorge ; Andrian, Leandro.
    In: IDB Publications (Working Papers).
    RePEc:idb:brikps:12639.

    Full description at Econpapers || Download paper

  8. Stock-flow adjustments and interest costs in public debt dynamics. (2021). Dia, Enzo ; Casalin, Fabrizio ; Cerniglia, Floriana.
    In: CRANEC - Working Papers del Centro di Ricerche in Analisi economica e sviluppo economico internazionale.
    RePEc:crn:wpaper:crn2102.

    Full description at Econpapers || Download paper

  9. Vztah mezi saldem hospodaření a dluhem vládních institucí. (2020). Rybaek, Vaclav ; Musil, Petr.
    In: Politická ekonomie.
    RePEc:prg:jnlpol:v:2020:y:2020:i:4:id:1290:p:462-482.

    Full description at Econpapers || Download paper

  10. Do Subnational Fiscal Rules Foster Fiscal Discipline? New Empirical Evidence from Europe. (2016). Lledo, Victor Duarte ; Kotia, Ananya.
    In: IMF Working Papers.
    RePEc:imf:imfwpa:2016/084.

    Full description at Econpapers || Download paper

  11. Are all the fiscal policy shocks identical? Analysing the effects on private consumption of civilian and military spending shocks. (2015). Pieroni, Luca ; Luca, Pieroni .
    In: MPRA Paper.
    RePEc:pra:mprapa:69151.

    Full description at Econpapers || Download paper

  12. Are all the fiscal policy shocks identical? Analysing the effects on private consumption of civilian and military spending shocks. (2015). Pieroni, Luca ; Lorusso, Marco.
    In: MPRA Paper.
    RePEc:pra:mprapa:69084.

    Full description at Econpapers || Download paper

  13. Testing the FTPL across government tiers.. (2008). Suriñach, Jordi ; Ramos, Raul ; Claeys, Peter ; Suriach, Jordi.
    In: IREA Working Papers.
    RePEc:ira:wpaper:200812.

    Full description at Econpapers || Download paper

  14. Measuring the Fiscal Stance. (2007). Wickens, Michael ; Polito, Vito.
    In: Discussion Papers.
    RePEc:yor:yorken:07/14.

    Full description at Econpapers || Download paper

  15. International Evidence on Fiscal Solvency: Is Fiscal Policy Responsible?. (2007). Ostry, Jonathan ; Mendoza, Enrique.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:12947.

    Full description at Econpapers || Download paper

  16. What Has Financed Government Debt?. (2007). Leeper, Eric ; Chung, Hess.
    In: CAEPR Working Papers.
    RePEc:inu:caeprp:2007015.

    Full description at Econpapers || Download paper

  17. Prudent Budgetary Policy: Political Economy of Precautionary Taxation. (2007). van der Ploeg, Frederick (Rick).
    In: CESifo Working Paper Series.
    RePEc:ces:ceswps:_1973.

    Full description at Econpapers || Download paper

  18. The stabilizing role of government size. (2007). Fatas, Antonio ; Domenech, Rafael ; Andrés, Javier ; Andres, Javier.
    In: Working Papers.
    RePEc:bde:wpaper:0710.

    Full description at Econpapers || Download paper

  19. Cross-Country Estimates of the Degree of Fiscal Dominance and Central Bank Independence. (2007). de Resende, Carlos.
    In: Staff Working Papers.
    RePEc:bca:bocawp:07-36.

    Full description at Econpapers || Download paper

  20. SUSTAINABILITY OF FISCAL DEFICITS: THE U.S. EXPERIENCE 1929-2004. (2006). .
    In: SCAPE Policy Research Working Paper Series.
    RePEc:sca:scaewp:05xx.

    Full description at Econpapers || Download paper

  21. Dynamic Scoring: Alternative Financing Schemes. (2006). Yang, Shu-Chun ; Leeper, Eric.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:12103.

    Full description at Econpapers || Download paper

  22. A Dynamic Theory of Public Spending, Taxation and Debt. (2006). Coate, Stephen ; Battaglini, Marco.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:12100.

    Full description at Econpapers || Download paper

  23. Sustainability of Public Debt and Budget Deficit: Panel cointegration analysis for the European Union Member countries. (2006). schneider, friedrich ; Prohl, Silke.
    In: Economics working papers.
    RePEc:jku:econwp:2006_10.

    Full description at Econpapers || Download paper

  24. Dynamic Scoring: Alternative Financing Schemes. (2006). Yang, Shu-Chun ; Leeper, Eric.
    In: CAEPR Working Papers.
    RePEc:inu:caeprp:2006022.

    Full description at Econpapers || Download paper

  25. Fiscal Policy Effects in the European Union. (2006). Thams, Andreas.
    In: SFB 649 Discussion Papers.
    RePEc:hum:wpaper:sfb649dp2006-016.

    Full description at Econpapers || Download paper

  26. What accounts for the changes in U.S. fiscal policy transmission?. (2006). Müller, Gernot ; Meier, Andre ; bilbiie, florin ; Muller, Gernot J.
    In: Working Paper Series.
    RePEc:ecb:ecbwps:2006582.

    Full description at Econpapers || Download paper

  27. A Dynamic Theory of Public Spending, Taxation and Debt. (2006). Coate, Stephen ; Battaglini, Marco.
    In: Levine's Bibliography.
    RePEc:cla:levrem:122247000000001094.

    Full description at Econpapers || Download paper

  28. Sustainability of Austrian Public Debt: A Political Economy Perspective. (2006). Neck, Reinhard ; Haber, Gottfried.
    In: CESifo Working Paper Series.
    RePEc:ces:ceswps:_1816.

    Full description at Econpapers || Download paper

  29. ASSIMETRIA CÍCLICA NA POLÍTICA FISCAL DOS ESTADOS BRASILEIROS. (2006). Rocha, Fabiana ; Giuberti, Ana Carolina.
    In: Anais do XXXIV Encontro Nacional de Economia [Proceedings of the 34th Brazilian Economics Meeting].
    RePEc:anp:en2006:52.

    Full description at Econpapers || Download paper

  30. Fiscal space for investment in infrastructure in Colombia. (2005). Suescun, Rodrigo.
    In: Policy Research Working Paper Series.
    RePEc:wbk:wbrwps:3629.

    Full description at Econpapers || Download paper

  31. Fiscal rules, inertia and discretionary fiscal policy. (2005). Salto, Matteo ; Larch, Martin.
    In: Applied Economics.
    RePEc:taf:applec:v:37:y:2005:i:10:p:1135-1146.

    Full description at Econpapers || Download paper

  32. Measuring Fiscal Sustainability. (2005). Wickens, Michael ; Polito, Vito.
    In: CDMA Conference Paper Series.
    RePEc:san:cdmacp:0503.

    Full description at Econpapers || Download paper

  33. A Note on International Fiscal Policy Practices. (2005). Warin, Thierry.
    In: Middlebury College Working Paper Series.
    RePEc:mdl:mdlpap:0520.

    Full description at Econpapers || Download paper

  34. Ricardian Fiscal Regimes in the European Union. (2005). Afonso, Antonio.
    In: Working Papers Department of Economics.
    RePEc:ise:isegwp:wp182005.

    Full description at Econpapers || Download paper

  35. Fiscal Policy Rules and Regime (In)Stability: Evidence from the U.S.. (2005). Monacelli, Tommaso ; Favero, Carlo.
    In: Working Papers.
    RePEc:igi:igierp:282.

    Full description at Econpapers || Download paper

  36. Fiscal Rules and Macroeconomic Stability. (2005). Domenech, Rafael ; Andrés, Javier.
    In: Working Papers.
    RePEc:iei:wpaper:0501.

    Full description at Econpapers || Download paper

  37. Macroeconomic Adjustment in the Euro-area: The Role of Fiscal Policy. (2005). Tirelli, Patrizio ; Ropele, Tiziano ; Muscatelli, Vito.
    In: Working Papers.
    RePEc:gla:glaewp:2005_20.

    Full description at Econpapers || Download paper

  38. Analyzing the Interaction of Monetary and Fiscal Policy: Does Fiscal Policy Play a Valuable Role in Stabilisation?. (2005). Tirelli, Patrizio ; Muscatelli, Vito.
    In: Working Papers.
    RePEc:gla:glaewp:2005_17.

    Full description at Econpapers || Download paper

  39. Sustainability of Portuguese Fiscal Policy in Historical Perspective. (2005). Marinheiro, Carlos.
    In: CESifo Working Paper Series.
    RePEc:ces:ceswps:_1399.

    Full description at Econpapers || Download paper

  40. Testing Sustainability of German Fiscal Policy. Evidence for the Period 1960 – 2003. (2005). Semmler, Willi ; Greiner, Alfred ; Koeller, Uwe.
    In: CESifo Working Paper Series.
    RePEc:ces:ceswps:_1386.

    Full description at Econpapers || Download paper

  41. DÍVIDA PÚBLICA BRASILEIRA, DEFAULT E A NOVA EQUIVALÊNCIA RICARDIANA: UM EXERCÍCIO CLIOMÉTRICO DO BRASIL - IMPÉRIO À ÉPOCA ATUAL. (2005). de Gamboa, Ulisses Ruiz.
    In: Anais do XXXIII Encontro Nacional de Economia [Proceedings of the 33rd Brazilian Economics Meeting].
    RePEc:anp:en2005:050.

    Full description at Econpapers || Download paper

  42. A Positive Theory of Government Debt. (2004). Martin, Fernando.
    In: Macroeconomics.
    RePEc:wpa:wuwpma:0408013.

    Full description at Econpapers || Download paper

  43. Fiscal Sustainability: the Unpleasant European Case. (2004). Afonso, Antonio.
    In: Money Macro and Finance (MMF) Research Group Conference 2004.
    RePEc:mmf:mmfc04:57.

    Full description at Econpapers || Download paper

  44. The Fiscal Theory of the Price Level: Identifying Restrictions and Empirical Evidence. (2004). Sala, Luca.
    In: Working Papers.
    RePEc:igi:igierp:257.

    Full description at Econpapers || Download paper

  45. Understanding the effects of government spending on consumption. (2004). Valles, Javier ; Lopez-Salido, David ; Galí, Jordi.
    In: International Finance Discussion Papers.
    RePEc:fip:fedgif:805.

    Full description at Econpapers || Download paper

  46. The Backing of Government Debt and the Price Level. (2003). de Resende, Carlos ; Castro, Rui.
    In: Cahiers de recherche.
    RePEc:mtl:montec:16-2003.

    Full description at Econpapers || Download paper

  47. Monetary-Fiscal Mix and Inflation Performance: Evidence from the U.S.. (2003). Monacelli, Tommaso ; Favero, Carlo.
    In: Working Papers.
    RePEc:igi:igierp:234.

    Full description at Econpapers || Download paper

  48. Fiscal Policy and Monetary Integration in Europe. (2003). Perotti, Roberto ; Galí, Jordi.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:3933.

    Full description at Econpapers || Download paper

  49. Monetary-Fiscal Mix and Inflation Performance: Evidence from the US. (2003). Monacelli, Tommaso ; Favero, Carlo.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:3887.

    Full description at Econpapers || Download paper

  50. On the Interaction of Monetary and Fiscal Policy. (2003). Nolan, Charles ; Chadha, Jagjit.
    In: Cambridge Working Papers in Economics.
    RePEc:cam:camdae:0303.

    Full description at Econpapers || Download paper

  51. On the determinants of inflation in Italy: evidence of cost-push effects before the European Monetary Union. (2002). Paruolo, Paolo ; Fanelli, Luca ; bertocco, giancarlo ; Bernasconi, Michele.
    In: Economics and Quantitative Methods.
    RePEc:ins:quaeco:qf0223.

    Full description at Econpapers || Download paper

  52. Has EMU shifted policy?. (2002). Ballabriga, F. ; Martinez-Mongay, C..
    In: European Economy - Economic Papers 2008 - 2015.
    RePEc:euf:ecopap:0166.

    Full description at Econpapers || Download paper

  53. Identifying endogenous fiscal policy rules for macroeconomic models. (2002). Pérez, Javier ; Hiebert, Paul.
    In: Economic Working Papers at Centro de Estudios Andaluces.
    RePEc:cea:doctra:e2002_06.

    Full description at Econpapers || Download paper

  54. A Real Time Tax Smoothing Based Fiscal Policy Rule. (2002). Wakerly, Elizabeth ; Vahey, Shaun ; Loukoianova, Elena.
    In: Cambridge Working Papers in Economics.
    RePEc:cam:camdae:0235.

    Full description at Econpapers || Download paper

  55. Government Debt as Insurance against Macroeconomic Risk. (2001). Hagedorn, Marcus ; Barbie, Martin ; Kaul, Ashok.
    In: IZA Discussion Papers.
    RePEc:iza:izadps:dp412.

    Full description at Econpapers || Download paper

  56. Is state fiscal policy asymmetric over the business cycle?. (2001). Sorensen, Bent ; Yosha, Oved.
    In: Economic Review.
    RePEc:fip:fedker:y:2001:i:qiii:p:43-64:n:v.86no.3.

    Full description at Econpapers || Download paper

  57. La théorie budgétaire du niveau des prix : un bilan critique (The Fiscal Theory of the Price Level, a critical assessment) (in French with English summary). (2000). Sterdyniak, Henri ; Creel, Jerome.
    In: Documents de Travail de l'OFCE.
    RePEc:fce:doctra:0003.

    Full description at Econpapers || Download paper

  58. An Empirical Characterization of the Dynamic Effects of Changes in Government Spending and Taxes on Output. (1999). Perotti, Roberto ; Blanchard, Olivier.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:7269.

    Full description at Econpapers || Download paper

  59. Output fluctuations and fiscal policy : U.S. state and local governments 1978-1994. (1999). Sorensen, Bent ; Yosha, Oved ; Wu, Lisa.
    In: Research Working Paper.
    RePEc:fip:fedkrw:99-05.

    Full description at Econpapers || Download paper

  60. Too much cocited documents. This list is not complete

Coauthors

Authors registered in RePEc who have wrote about the same topic

Report date: 2025-10-01 07:05:25 || 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.