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Citations of
Antonio Afonso

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Working papers

  1. António Afonso & Luca Agnello & Davide Furceri & Ricardo M. Sousa, 2009. "Assessing Long-Term Fiscal Developments: a New Approach," NIPE Working Papers 7/2009, NIPE - Universidade do Minho. [Downloadable!]
    Other versions:

    Cited by:

    1. Ricardo M. Sousa & António Afonso, 2009. "Assessing Long-Term Fiscal Developments: Evidence from Portugal," NIPE Working Papers 1/2009, NIPE - Universidade do Minho. [Downloadable!]
      Other versions:
    2. Luca Agnello & Ricardo M. Sousa, 2009. "The determinants of public deficit volatility," Working Paper Series 1042, European Central Bank. [Downloadable!]
      Other versions:

  2. Ricardo M. Sousa & António Afonso, 2009. "The Macroeconomic Effects of Fiscal Policy in Portugal: a Bayesian SVAR Analysis," NIPE Working Papers 3/2009, NIPE - Universidade do Minho. [Downloadable!]
    Other versions:

    Cited by:

    1. Davide Furceri & Ricardo M. Sousa, 2009. "The Impact of Government Spending on the Private Sector: Crowding-out versus Crowding-in Effects"," NIPE Working Papers 6/2009, NIPE - Universidade do Minho. [Downloadable!]

  3. António Afonso & Christophe Rault, 2009. "Spend-and-tax: A Panel Data Investigation for the EU," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]

    Cited by:

    1. Gilad D. Aharonovitz & Nathan Skuza & Faysal Fahs, 2009. "Can Integrity Replace Institutions? Theory and Evidence," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    2. Sebastian Gechert, 2009. "Supplementary Private Health Insurance in Selected Countries: Lessons for EU Governments?," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    3. Alessandro Balestrino, 2009. "Kind of Black: The Musicians' Labour Market in Italy," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    4. Michele Moretto & Sergio Vergalli, 2009. "Managing Migration through Conflicting Policies: an Option-theory Perspective," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    5. Mario Jametti & Thomas von Ungern-Sternberg, 2009. "Hurricane Insurance in Florida," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
      Other versions:
    6. Leif Danziger, 2009. "Endogenous Monopsony and the Perverse Effect of the Minimum Wage in Small Firms," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
      Other versions:
    7. Guglielmo Maria Caporale & Luca Onorante & Paolo Paesani, 2009. "Inflation and Inflation Uncertainty in the Euro Area," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
      Other versions:
    8. Yan Dong & John Whalley, 2009. "A Third Benefit of Joint Non-OPEC Carbon Taxes: Transferring OPEC Monopoly Rent," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    9. Hans Jarle Kind & Tore Nilssen & Lars Sørgard, 2009. "Business Models for Media Firms: Does Competition Matter for how they Raise Revenue?," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    10. Hans Jarle Kind & Frank Stähler, 2009. "Market Shares in Two-Sided Media Industries," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    11. Chrysovalantou Milliou & Apostolis Pavlou, 2009. "Upstream Horizontal Mergers and Efficiency Gains," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    12. Wladimir Raymond & Pierre Mohnen & Franz Palm & Sybrand Schim van der Loeff, 2009. "Innovative Sales, R&D and Total Innovation Expenditures: Panel Evidence on their Dynamics," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
      Other versions:
    13. Mario Larch & Wolfgang Lechthaler, 2009. "Comparative Advantage and Skill-Specific Unemployment," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
      Other versions:
    14. Jarko Fidrmuc & Iikka Korhonen, 2009. "The Impact of the Global Financial Crisis on Business Cycles in Asian Emerging Economies," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
      Other versions:
    15. Helmuth Cremer & Firouz Gahvari & Pierre Pestieau, 2009. "Fertility, Human Capital Accumulation, and the Pension System," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    16. Thushyanthan Baskaran & Lars P. Feld, 2009. "Fiscal Decentralization and Economic Growth in OECD Countries: Is there a Relationship?," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    17. Yu-Fu Chen & Michael Funke, 2009. "Booms, Recessions and Financial Turmoil: A Fresh Look at Investment Decisions under Cyclical Uncertainty," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
      Other versions:
    18. Kai Carstensen & Oliver Hülsewig & Timo Wollmershäuser, 2009. "Price Dispersion in the Euro Area: The Case of a Symmetric Oil Price Shock," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    19. Valentina Bosetti & Carlo Carraro & Massimo Tavoni, 2009. "Climate Change Mitigation Strategies in Fast-Growing Countries: The Benefits of Early Action," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
      Other versions:
    20. Ben J. Heijdra & Jochen O. Mierau, 2009. "Annuity Market Imperfection, Retirement and Economic Growth," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    21. Caterina Liesegang & Marco Runkel, 2009. "Corporate Income Taxation of Multinationals and Fiscal Equalization," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    22. Luca Di Corato & Michele Moretto, 2009. "Investing in Biogas: Timing, Technological Choice and the Value of Flexibility from Inputs Mix," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    23. Jörg Franke & Christian Kanzow & Wolfgang Leininger & Alexandra Väth, 2009. "Effort Maximization in Asymmetric N-Person Contest Games," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
      Other versions:
    24. Ernesto Reuben & Arno Riedl, 2009. "Enforcement of Contribution Norms in Public Good Games with Heterogeneous Populations," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
      Other versions:
    25. J. Atsu Amegashie, 2009. "Incomplete Property Rights and Overinvestment," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    26. Giovanni Villani, 2009. "A Strategic R&D Investment with Flexible Development Time in Real Option Game Analysis," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    27. Birgit Bednar-Friedl & Karl Farmer, 2009. "Internationally Coordinated Emission Permit Policies: An Option for Withdrawers from the Kyoto Protocol?," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    28. Yosr Abid Fourati & Cathal O'Donoghue, 2009. "Eliciting Individual Preferences for Pension Reform," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
      Other versions:
    29. Firouz Gahvari, 2009. "Friedman Rule in a Model with Endogenous Growth and Cash-in-advance Constraint," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    30. Andreas Wagener, 2009. "Tax Competition, Relative Performance and Policy Imitation," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    31. Hans Fehr, 2009. "Pension Funding and Individual Accounts in Economies with Life-cyclers and Myopes," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
      Other versions:
    32. Frank N. Caliendo, 2009. "Is Social Security behind the Collapse of Personal Saving?," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    33. Daniel G. Arce & Dan Kovenock J. & Brian Roberson, 2009. "Suicide Terrorism and the Weakest Link," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    34. Charles Noussair & Fangfang Tan, 2009. "Voting on Punishment Systems within a Heterogeneous Group," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
      Other versions:

  4. Ricardo M. Sousa & António Afonso, 2009. "Assessing Long-Term Fiscal Developments: Evidence from Portugal," NIPE Working Papers 1/2009, NIPE - Universidade do Minho. [Downloadable!]
    Other versions:

    Cited by:

    1. Natália P. Monteiro & Paulo Bastos, 2009. "Managers and wage policies," NIPE Working Papers 2/2009, NIPE - Universidade do Minho. [Downloadable!]

  5. António Afonso & Sónia Fernandes, 2008. "Assessing Hospital Efficiency: Non-parametric Evidence for Portugal," Working Papers 2008/07, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]

    Cited by:

    1. António Afonso & Ricardo M. Sousa, 2009. "The Macroeconomic Effects of Fiscal Policy in Portugal: a Bayesian SVAR Analysis," Working Papers 2009/09, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
      Other versions:

  6. António Afonso & Christophe Rault, 2008. "Should we Care for Structural Breaks When Assessing Fiscal Sustainability?," Working Papers 2008/01, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
    Other versions:
    Published as:

    Cited by:

    1. António Afonso & Christophe Rault, 2008. "3-Step Analysis of Public Finances Sustainability: the Case of the European Union," Working Papers 2008/35, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
      Other versions:

  7. António Afonso, 2008. "Euler Testing Ricardo and Barro in the EUs," Working Papers 2008/23, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
    Published as:

    Cited by:

    1. António Afonso & Ricardo M. Sousa, 2008. "The Macroeconomic Effects of Fiscal Policy," Working Papers 2008/56, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
      Other versions:

  8. António Afonso & Christophe Rault, 2008. "3-step analysis of public finances sustainability - the case of the European Union," Working Paper Series 908, European Central Bank. [Downloadable!]
    Other versions:

    Cited by:

    1. António Afonso, 2009. "Neck, R. and Sturm, J.-E. (eds.): Sustainability of public debt," Journal of Economics, Springer, vol. 97(1), pages 95-96, May. [Downloadable!] (restricted)
    2. António Afonso & Luca Agnello & Davide Furceri & Ricardo M. Sousa, 2009. "Assessing Long-Term Fiscal Developments: a New Approach," Working Papers 2009/19, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
      Other versions:

  9. António Afonso & Ludger Schknecht & Vito Tanzi, 2008. "Income Distribution Determinants and Public Spending Efficiency," Working Papers 2008/05, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
    Other versions:

    Cited by:

    1. Emanuele, Canegrati, 2008. "Analysis of Intergenerational Inequality: the Role of Public Expenditure and Taxation," MPRA Paper 10926, University Library of Munich, Germany. [Downloadable!]

  10. António Afonso & Miguel St.Aubyn, 2008. "Macroeconomic Rates of Return of Public and Private Investment: Crowding-in and Crowding-out Effects," Working Papers 2008/06, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
    Other versions:
    Published as:

    Cited by:

    1. António Afonso & Davide Furceri, 2008. "Government Size, Composition, Volatility and Economic Growth," Working Papers 2008/04, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
      Other versions:
    2. António Afonso & Juan González Alegre, 2007. "Economic Growth and Budgetary Components: a Panel Assessment for the EU," Working Papers 2007/29, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
      Other versions:

  11. António Afonso & Luca Agnello & Davide Furceri, 2008. "Fiscal policy responsiveness, persistence and discretion," Working Paper Series 954, European Central Bank. [Downloadable!]
    Other versions:

    Cited by:

    1. Ricardo M. Sousa & António Afonso, 2009. "Assessing Long-Term Fiscal Developments: Evidence from Portugal," NIPE Working Papers 1/2009, NIPE - Universidade do Minho. [Downloadable!]
      Other versions:
    2. Luca Agnello & Ricardo M. Sousa, 2009. "The Determinants of Public Deficit Volatility," NIPE Working Papers 11/2009, NIPE - Universidade do Minho. [Downloadable!]
      Other versions:
    3. António Afonso & Luca Agnello & Davide Furceri & Ricardo M. Sousa, 2009. "Assessing Long-Term Fiscal Developments: a New Approach," Working Papers 2009/19, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
      Other versions:

  12. António Afonso & Davide Furceri, 2008. "Government Size, Composition, Volatility and Economic Growth," Working Papers 2008/04, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
    Other versions:

    Cited by:

    1. De Witte, Kristof & Moesen, Wim, 2009. "Sizing the Government," MPRA Paper 14785, University Library of Munich, Germany. [Downloadable!]

  13. António Afonso & Christophe Rault, 2008. "Budgetary and External Imbalances Relationship : a Panel Data Diagnostic," Working Papers 2008/45, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
    Other versions:

    Cited by:

    1. António Afonso & Christophe Rault, 2009. "Bootstrap Panel Granger-Causality Between Government Budget and External Deficits for the EU," Working Papers 2009/02, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
      Other versions:

  14. Ricardo M. Sousa & António Afonso, 2008. "Fiscal Policy, Housing and Stock Prices," NIPE Working Papers 21/2008, NIPE - Universidade do Minho. [Downloadable!]
    Other versions:

    Cited by:

    1. António Afonso & Ricardo M. Sousa, 2009. "The Macroeconomic Effects of Fiscal Policy in Portugal: a Bayesian SVAR Analysis," Working Papers 2009/09, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
      Other versions:
    2. António Afonso & Ricardo M. Sousa, 2008. "The Macroeconomic Effects of Fiscal Policy," Working Papers 2008/56, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
      Other versions:
    3. Luca Agnello & Ricardo M. Sousa, 2009. "The determinants of public deficit volatility," Working Paper Series 1042, European Central Bank. [Downloadable!]
      Other versions:

  15. Ricardo M. Sousa & António Afonso, 2008. "The Macroeconomic Effects of Fiscal Policy," NIPE Working Papers 22/2008, NIPE - Universidade do Minho. [Downloadable!]
    Other versions:

    Cited by:

    1. Tuomas A. Peltonen & Ricardo M. Sousa & Isabel S. Vansteenkiste, 2009. "Asset prices, Credit and Investment in Emerging Markets," NIPE Working Papers 18/2009, NIPE - Universidade do Minho. [Downloadable!]
    2. António Afonso & Ricardo M. Sousa, 2008. "Fiscal Policy, Housing and Stock Prices," Working Papers 2008/58, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
      Other versions:
    3. Davide Furceri & Ricardo M. Sousa, 2009. "The Impact of Government Spending on the Private Sector: Crowding-out versus Crowding-in Effects"," NIPE Working Papers 6/2009, NIPE - Universidade do Minho. [Downloadable!]
    4. Ricardo M. Sousa & António Afonso, 2009. "Assessing Long-Term Fiscal Developments: Evidence from Portugal," NIPE Working Papers 1/2009, NIPE - Universidade do Minho. [Downloadable!]
      Other versions:
    5. António Afonso & Ricardo M. Sousa, 2009. "The Macroeconomic Effects of Fiscal Policy in Portugal: a Bayesian SVAR Analysis," Working Papers 2009/09, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
      Other versions:
    6. António Afonso & Luca Agnello & Davide Furceri & Ricardo M. Sousa, 2009. "Assessing Long-Term Fiscal Developments: a New Approach," Working Papers 2009/19, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
      Other versions:
    7. Luca Agnello & Ricardo M. Sousa, 2009. "The determinants of public deficit volatility," Working Paper Series 1042, European Central Bank. [Downloadable!]
      Other versions:

  16. Antonio Afonso & Peter Claeys, 2007. "The dynamic behaviour of budget components and output," Working Paper Series 775, European Central Bank. [Downloadable!]
    Published as:

    Cited by:

    1. António Afonso & Ricardo M. Sousa, 2009. "The Macroeconomic Effects of Fiscal Policy in Portugal: a Bayesian SVAR Analysis," Working Papers 2009/09, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
      Other versions:
    2. Antje Berndt & Iulian Obreja, 2007. "The pricing of risk in European credit and corporate bond markets," Working Paper Series 805, European Central Bank. [Downloadable!]
    3. António Afonso & Ricardo M. Sousa, 2008. "The Macroeconomic Effects of Fiscal Policy," Working Papers 2008/56, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
      Other versions:
    4. António Afonso & Luca Agnello & Davide Furceri & Ricardo M. Sousa, 2009. "Assessing Long-Term Fiscal Developments: a New Approach," Working Papers 2009/19, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
      Other versions:
    5. Luigi Landolfo, 2007. "Modeling the impact of external factors on the euro area’s HICP and real economy - a focus on pass-through and the trade balance," Working Paper Series 789, European Central Bank. [Downloadable!]

  17. António Afonso & Davide Furceri, 2007. "Sectoral Business Cycle Synchronization in the European Union," Working Papers 2007/02, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]

    Cited by:

    1. J. James Reade & Ulrich Volz, 2009. "Leader of the Pack? German Monetary Dominance in Europe Prior to EMU," Economics Series Working Papers 419, University of Oxford, Department of Economics. [Downloadable!]
    2. Davide Furceri & Georgios Karras, 2008. "Is the Middle East an Optimum Currency Area? A Comparison of Costs and Benefits," Open Economies Review, Springer, vol. 19(4), pages 479-491, September. [Downloadable!] (restricted)

  18. Antonio Afonso & Christophe Rault, 2007. "What do we really know about fiscal sustainability in the EU? A panel data diagonostic," Working Paper Series 820, European Central Bank. [Downloadable!]
    Other versions:

    Cited by:

    1. António Afonso & Christophe Rault, 2009. "Budgetary and External Imbalances Relationship: A Panel Data Diagnostic," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
      Other versions:
    2. António Afonso & Christophe Rault, 2009. "Spend-and-tax: A Panel Data Investigation for the EU," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    3. António Afonso & Christophe Rault, 2008. "3-Step Analysis of Public Finances Sustainability: the Case of the European Union," Working Papers 2008/35, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
      Other versions:
    4. Ricardo M. Sousa & António Afonso, 2009. "Assessing Long-Term Fiscal Developments: Evidence from Portugal," NIPE Working Papers 1/2009, NIPE - Universidade do Minho. [Downloadable!]
      Other versions:
    5. António Afonso, 2009. "Neck, R. and Sturm, J.-E. (eds.): Sustainability of public debt," Journal of Economics, Springer, vol. 97(1), pages 95-96, May. [Downloadable!] (restricted)
    6. António Afonso & Luca Agnello & Davide Furceri & Ricardo M. Sousa, 2009. "Assessing Long-Term Fiscal Developments: a New Approach," Working Papers 2009/19, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
      Other versions:
    7. Lars P. Feld & Christoph A. Schaltegger, 2009. "Political Stability and Fiscal Policy - Time Series Evidence for the Swiss Federal Level since 1849," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]

  19. António Afonso & Davide Furceri, 2007. "Business Cycle Synchronization and Insurance Mechanisms in the EU," Working Papers 2007/26, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
    Other versions:

    Cited by:

    1. António Afonso & Davide Furceri, 2008. "Government Size, Composition, Volatility and Economic Growth," Working Papers 2008/04, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
      Other versions:
    2. Andrzej Toroj, 2009. "Macroeconomic adjustment and heterogeneity in the euro area," National Bank of Poland Working Papers 54, National Bank of Poland, Economic Institute. [Downloadable!]

  20. António Afonso, 2007. "Public finances in Portugal: a brief longrun view," Working Papers 2007/01, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]

    Cited by:

    1. António Afonso & Ricardo M. Sousa, 2009. "The Macroeconomic Effects of Fiscal Policy in Portugal: a Bayesian SVAR Analysis," Working Papers 2009/09, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
      Other versions:

  21. Antonio Afonso & Carla Scaglioni, 2006. "An Assessment of Telecommunications Regulation Performance in the European Union," Working Papers 2006/07, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]

    Cited by:

    1. Paolo Lupi & Fabio M. Manenti & Antonio Scialà & Cristiano Varin, 2009. "On the Assessment of Regulators' Efficiency. An Application to European Telecommunications," "Marco Fanno" Working Papers 0098, Dipartimento di Scienze Economiche "Marco Fanno". [Downloadable!]

  22. António Afonso & Vítor Gaspar, 2006. "Excess burden and the cost of inefficiency in public services provision," Working Paper Series 601, European Central Bank. [Downloadable!]
    Other versions:

    Cited by:

    1. António Afonso & Ludger Schuknecht & Vito Tanzi, 2006. "Public sector efficiency: evidence for new EU member states and emerging markets," Working Paper Series 581, European Central Bank. [Downloadable!]
      Other versions:

  23. António Afonso & Pedro Gomes & Philipp Rother, 2006. "What “Hides” Behind Sovereign Debt Ratings?," Working Papers 2006/35, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
    Other versions:

    Cited by:

    1. Christophe Rault & Antonio Alfonso, 2007. "What do we really know about fiscal sustainability in the EU? A panel data diagnostic," William Davidson Institute Working Papers Series wp893, William Davidson Institute at the University of Michigan Stephen M. Ross Business School. [Downloadable!]
      Other versions:
    2. António Afonso & Christophe Rault, 2007. "What We Really Know about Fiscal Sustainability in the EU? A Panel Data Diagnostic," Working Papers 2007/20, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
    3. Ludger Schuknecht & Jürgen von Hagen & Guido Wolswijk, 2008. "Government risk premiums in the bond market. EMU and Canada," Working Paper Series 879, European Central Bank. [Downloadable!]
      Other versions:
    4. António Afonso, 2007. "Public finances in Portugal: a brief longrun view," Working Papers 2007/01, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
    5. Andrew Powell & Juan F. Martinez S., 2008. "On Emerging Economy Sovereign Spreads and Ratings," RES Working Papers 4565, Inter-American Development Bank, Research Department. [Downloadable!]
    6. Ioana Alexopoulou & Irina Bunda & Annalisa Ferrando, 2009. "Determinants of government bond spreads in new EU countries," Working Paper Series 1093, European Central Bank. [Downloadable!]
    7. Martin Schindler & Patricio Valenzuela & Alessandro Prati, 2009. "Who Benefits from Capital Account Liberalization? Evidence from Firm-Level Credit Ratings Data," IMF Working Papers 09/210, International Monetary Fund. [Downloadable!]
    8. Amine Mati & Emanuele Baldacci & Sanjeev Gupta, 2008. "Is it (Still) Mostly Fiscal? Determinants of Sovereign Spreads in Emerging Markets," IMF Working Papers 08/259, International Monetary Fund. [Downloadable!]
    9. Andrew Powell & Juan F. Martinez S., 2008. "Sobre los diferenciales y clasificaciones soberanos de economías emergentes," RES Working Papers 4566, Inter-American Development Bank, Research Department. [Downloadable!]
    10. Eduardo Cavallo & Andrew Powell & Roberto Rigobon, 2008. "Do Credit Rating Agencies Add Value? Evidence from the Sovereign Rating Business Institutions," RES Working Papers 4601, Inter-American Development Bank, Research Department. [Downloadable!]
    11. Rasmus Rüffer & Marcelo Sánchez & Jian-Guang Shen, 2007. "Emerging Asia’s growth and integration - how autonomous are business cycles?," Working Paper Series 715, European Central Bank. [Downloadable!]

  24. António Afonso & Miguel St. Aubyn, 2006. "Relative Efficiency of Health Provision: a DEA Approach with Non-discretionary Inputs," Working Papers 2006/33, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]

    Cited by:

    1. Daniel Becker, 2008. "Public-Sector Efficiency and Interjurisdictional Competition - an Empirical Investigation," Thuenen-Series of Applied Economic Theory 101, University of Rostock, Institute of Economics, Germany. [Downloadable!]
    2. António Afonso & Ludger Schknecht & Vito Tanzi, 2008. "Income Distribution Determinants and Public Spending Efficiency," Working Papers 2008/05, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
      Other versions:

  25. António Afonso & Peter Claeys, 2006. "The dynamic behaviour of budget components and output – the cases of France, Germany, Portugal, and Spain," Working Papers 2006/26, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]

    Cited by:

    1. António Afonso, 2007. "Public finances in Portugal: a brief longrun view," Working Papers 2007/01, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]

  26. António Afonso, 2006. "Expansionary fiscal consolidations in Europe: new evidence," Working Papers 2006/18, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
    Other versions:

    Cited by:

    1. António Afonso, 2007. "Public finances in Portugal: a brief longrun view," Working Papers 2007/01, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
    2. António Afonso & Ricardo M. Sousa, 2009. "The Macroeconomic Effects of Fiscal Policy in Portugal: a Bayesian SVAR Analysis," Working Papers 2009/09, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
      Other versions:
    3. António Afonso & Peter Claeys, 2006. "The dynamic behaviour of budget components and output – the cases of France, Germany, Portugal, and Spain," Working Papers 2006/26, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
    4. Afonso, António, 2007. "An avenue for expansionary fiscal contractions," MPRA Paper 4593, University Library of Munich, Germany. [Downloadable!]
      Other versions:
    5. Anton Burger & Martin Zagler, 2008. "US growth and budget consolidation in the 1990s: was there a non-Keynesian effect?," International Economics and Economic Policy, Springer, vol. 5(1), pages 225-235, July. [Downloadable!] (restricted)
    6. António Afonso & Ricardo M. Sousa, 2008. "The Macroeconomic Effects of Fiscal Policy," Working Papers 2008/56, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
      Other versions:

  27. António Afonso & Pedro Gomes & Philipp Rother, 2006. "Ordered Response Models for Sovereign Debt Ratings," Working Papers 2006/34, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
    Published as:

    Cited by:

    1. Andrés Leal Marcos & Julio López Laborda, 2009. "Public debt externalities and creditworthiness of the Autonomous Communities," Hacienda Pública Española, IEF, vol. 189(2), pages 81-106, June. [Downloadable!]

  28. António Afonso & Ludger Schuknecht & Vito Tanzi, 2006. "Public Sector Efficiency: Evidence for New EU Member States and Emerging Markets," Working Papers 2006/01, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
    Other versions:

    Cited by:

    1. António Afonso & Ludger Schknecht & Vito Tanzi, 2008. "Income Distribution Determinants and Public Spending Efficiency," Working Papers 2008/05, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
      Other versions:
    2. Davide Furceri & Marcos Poplawski Ribeiro, 2008. "Government spending volatility and the size of nations," Working Paper Series 924, European Central Bank. [Downloadable!]
    3. Martin Heipertz & Melanie Ward-Warmedinger, 2008. "Economic and Social Models in Europe and the Importance of Reform," Financial Theory and Practice, Institute of Public Finance, vol. 32(3), pages 255-287. [Downloadable!]
    4. Donath , Liliana & Milos, Marius, 2008. "Public sector efficiency according to COFOG classification in the European Union," MPRA Paper 12927, University Library of Munich, Germany. [Downloadable!]
    5. Antonio Estache & Marianela González & Lourdes Trujillo, 2007. "Government Expenditures on Education, Health, and Infrastructure: A Naïve Look at Levels, Outcomes, and Efficiency," City University Economics Discussion Papers 07/03, Department of Economics, City University, London. [Downloadable!]
      Other versions:
    6. Ismihan, Mustafa & Ozkan, F Gulcin, 2007. "Public investment: a remedy or a curse? Examining the Role of Public Investment for Macroeconomic Performance," CEPR Discussion Papers 6139, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    7. David Hauner & Annette Kyobe, 2008. "Determinants of Government Efficiency," IMF Working Papers 08/228, International Monetary Fund. [Downloadable!]
    8. Emanuele, Canegrati, 2008. "Analysis of Intergenerational Inequality: the Role of Public Expenditure and Taxation," MPRA Paper 10926, University Library of Munich, Germany. [Downloadable!]
    9. Konstantinos Angelopoulos & Apostolis Philippopoulos & Efthymios Tsionas, 2007. "Does public sector efficiency matter? Revisiting the relation between fiscal size and economic growth in a world sample," Working Papers 2007_30, Department of Economics, University of Glasgow. [Downloadable!]
      Other versions:
    10. António Afonso & Vítor Gaspar, 2006. "Excess burden and the cost of inefficiency in public services provision," Working Papers 2006/05, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
      Other versions:
    11. Philippe Widmer & Peter Zweifel, 2008. "Provision of Public Goods in a Federalist Country: Tiebout Competition, Fiscal Equalization, and Incentives for Efficiency in Switzerland," Working Papers 0804, University of Zurich, Socioeconomic Institute. [Downloadable!]
    12. Jerome Creel & Paola Monperrus-Veroni & Francesco Saraceno, 2007. "Has the Golden Rule of Public Finance Made a Difference in the UK ?," Documents de Travail de l'OFCE 2007-13, Observatoire Francais des Conjonctures Economiques (OFCE). [Downloadable!]
    13. Todd D. Mattina & Victoria Gunnarsson, 2007. "Budget Rigidity and Expenditure Efficiency in Slovenia," IMF Working Papers 07/131, International Monetary Fund. [Downloadable!]
    14. António Afonso & Vítor Gaspar, 2007. "Dupuit, Pigou and cost of inefficiency in public services provision," Public Choice, Springer, vol. 132(3), pages 485-502, September. [Downloadable!] (restricted)
    15. Etibar Jafarov & Victoria Gunnarsson, 2008. "Government Spending on Health Care and Education in Croatia: Efficiency and Reform Options," IMF Working Papers 08/136, International Monetary Fund. [Downloadable!]
    16. Pierre Pestieau, 2007. "Assessing the performance of the public sector," CREPP Working Papers 0703, Centre de Recherche en Economie Publique et de la Population (CREPP) (Research Center on Public and Population Economics) HEC-Management School, University of Liège. [Downloadable!]
    17. Antonis Adam & Manthos D. Delis & Pantelis Kammas, 2008. "Fiscal Decentralization and Public Sector Efficiency: Evidence from OECD Countries," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    18. De Witte, Kristof & Moesen, Wim, 2009. "Sizing the Government," MPRA Paper 14785, University Library of Munich, Germany. [Downloadable!]
    19. Adam, Antonis & Delis, Manthos D & Kammas, Pantelis, 2008. "Public sector efficiency: Leveling the playing field between OECD countries," MPRA Paper 16493, University Library of Munich, Germany. [Downloadable!]
    20. Donath , Liliana & Milos, Marius Cristian & Milos, Laura Raisa, 2008. "Public investment and economic growth in the European Union member states," MPRA Paper 12954, University Library of Munich, Germany. [Downloadable!]

  29. António Afonso & Christiane Nickel & Philipp Rother, 2005. "Fiscal Consolidations in the Central and Eastern European Countries," Working Papers 2005/03, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
    Other versions:
    Published as:

    Cited by:

    1. Fatih Ozatay, 2008. "Expansionary Fiscal Consolidations: New Evidence from Turkey," Working Papers 0805, TOBB University of Economics and Technology, Department of Economics. [Downloadable!]
    2. Philipp Paulus, 2006. "The final blow to the Stability Pact? EMU enlargement and government debt," Otto-Wolff-Institut Discussion Paper Series 03/2006, Otto-Wolff-Institut für Wirtschaftsordnung, Köln, Deutschland. [Downloadable!]
    3. Karsten Staehr, 2007. "Fiscal policies and business cycles in an enlarged euro area," Bank of Estonia Working Papers 2007-03, Bank of Estonia, revised 08 Mar 2007. [Downloadable!]
    4. Jean-Marc Figuet & Nikolay Nenovsky, 2006. "Convergence and shocks in the road to EU: Empirical investigations for Bulgaria and Romania," William Davidson Institute Working Papers Series wp810, William Davidson Institute at the University of Michigan Stephen M. Ross Business School. [Downloadable!]
    5. Karsten Staehr, 2007. "Fiscal Policies and Business Cycles in an Enlarged Euro Area," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    6. Maria Neicheva, 2006. "Non-Keynesian Effects of Government Expenditure on Output in Bulgaria: An HP Filter Approach," Post-Communist Economies, Taylor and Francis Journals, vol. 18(1), pages 1-12, March. [Downloadable!] (restricted)
    7. Neicheva, Maria, 2007. "Non-Keynesian effects of Government Spending: Some implications for the Stability and Growth Pact," MPRA Paper 5277, University Library of Munich, Germany. [Downloadable!]
    8. Gomes, Orlando, 2007. "On the stability of endogenous growth models: an evaluation of the agents’ response to output fluctuations," MPRA Paper 2891, University Library of Munich, Germany. [Downloadable!]
      Other versions:

  30. António Afonso & Miguel St. Aubyn, 2005. "Cross-country Efficiency of Secondary Education Provision: a Semi-parametric Analysis with Nondiscretionary Inputs," Working Papers 2005/05, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
    Other versions:
    Published as:

    Cited by:

    1. António Afonso & Ludger Schuknecht & Vito Tanzi, 2006. "Public sector efficiency: evidence for new EU member states and emerging markets," Working Paper Series 581, European Central Bank. [Downloadable!]
      Other versions:
    2. David Hauner, 2007. "Benchmarking the Efficiency of Public Expenditure in the Russian Federation," IMF Working Papers 07/246, International Monetary Fund. [Downloadable!]
    3. Tatjana Slavova, 2008. "A rank order and efficiency evaluation of the EU regions in a social framework," Empirica, Springer, vol. 35(4), pages 339-367, September. [Downloadable!] (restricted)
    4. Daniel Becker, 2008. "Public-Sector Efficiency and Interjurisdictional Competition - an Empirical Investigation," Thuenen-Series of Applied Economic Theory 101, University of Rostock, Institute of Economics, Germany. [Downloadable!]
    5. António Afonso & Ludger Schknecht & Vito Tanzi, 2008. "Income Distribution Determinants and Public Spending Efficiency," Working Papers 2008/05, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
      Other versions:
    6. David Hauner & Annette Kyobe, 2008. "Determinants of Government Efficiency," IMF Working Papers 08/228, International Monetary Fund. [Downloadable!]
    7. António Afonso & Vítor Gaspar, 2006. "Excess burden and the cost of inefficiency in public services provision," Working Papers 2006/05, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
      Other versions:
    8. Bruno Eugène, 2008. "The efficiency frontier as a method for gauging the performance of public expenditure : a Belgian case study," Research series 200809-12, National Bank of Belgium. [Downloadable!]
    9. Yuxin Li & Karen Mumford, . "Aspirations, Expectations and Education Outcomes for Children in Britain: Considering Relative Measures of Family Efficiency," Discussion Papers 09/26, Department of Economics, University of York. [Downloadable!]
    10. António Afonso & Miguel St. Aubyn, 2006. "Relative Efficiency of Health Provision: a DEA Approach with Non-discretionary Inputs," Working Papers 2006/33, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
    11. António Afonso & Sónia Fernandes, 2005. "Assessing and Explaining the Relative Efficiency of Local Government: Evidence for Portuguese Municipalities," Working Papers 2005/19, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
    12. António Afonso & Sónia Fernandes, 2008. "Assessing Hospital Efficiency: Non-parametric Evidence for Portugal," Working Papers 2008/07, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
    13. António Afonso & Mariana Santos, 2005. "Students and Teachers: A DEA Approach to the Relative Efficiency of Portuguese Public Universities," Working Papers 2005/07, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
    14. António Afonso, 2007. "Public finances in Portugal: a brief longrun view," Working Papers 2007/01, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
    15. Miguel St. Aubyn, 2008. "Law and Order Efficiency Measurement – A Literature Review," Working Papers 2008/19, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
    16. Luis J. Álvarez & Pablo Burriel & Ignacio Hernando, 2005. "Price setting behaviour in Spain: evidence from micro PPI data," Working Paper Series 522, European Central Bank. [Downloadable!]
      Other versions:

  31. Antonio Afonso & Carla Scaglioni, 2005. "Public Services Efficiency Provision in Italian Regions: a Non-Parametric Analysis," Working Papers 2005/02, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]

    Cited by:

    1. Philippe Widmer & Peter Zweifel, 2008. "Provision of Public Goods in a Federalist Country: Tiebout Competition, Fiscal Equalization, and Incentives for Efficiency in Switzerland," Working Papers 0804, University of Zurich, Socioeconomic Institute. [Downloadable!]

  32. António Afonso & Mariana Santos, 2005. "Students and Teachers: A DEA Approach to the Relative Efficiency of Portuguese Public Universities," Working Papers 2005/07, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]

    Cited by:

    1. Frija, Aymen & Speelman, Stijn & Chebil, Ali & Buysse, Jeroen & Van Huylenbroeck, Guido, 2008. "Performances And Efficiencies Of The Irrigation Water Users’ Associations In Tunisia," 107th Seminar, January 30-February 1, 2008, Sevilla, Spain 6460, European Association of Agricultural Economists. [Downloadable!]

  33. António Afonso, 2005. "Ricardian Fiscal Regimes in the European Union," Working Papers 2005/18, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
    Other versions:
    Published as:

    Cited by:

    1. Christophe Rault & Antonio Alfonso, 2007. "What do we really know about fiscal sustainability in the EU? A panel data diagnostic," William Davidson Institute Working Papers Series wp893, William Davidson Institute at the University of Michigan Stephen M. Ross Business School. [Downloadable!]
      Other versions:
    2. Jerome Creel & Etienne Farvaque, 2008. "Détermination du niveau des prix et finances publiques : le cas du Liban, 1965-2005," Documents de Travail de l'OFCE 2008-14, Observatoire Francais des Conjonctures Economiques (OFCE). [Downloadable!]
      Other versions:
    3. António Afonso, 2006. "Sustainability of fiscal policy in the EU-15," CESifo DICE Report, Ifo Institute for Economic Research at the University of Munich, vol. 4(1), pages 34-38, 04. [Downloadable!]
    4. António Afonso & Christophe Rault, 2007. "What We Really Know about Fiscal Sustainability in the EU? A Panel Data Diagnostic," Working Papers 2007/20, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
    5. António Afonso, 2007. "Expansionary fiscal consolidations in Europe: part of conventional wisdom?," Money Macro and Finance (MMF) Research Group Conference 2006 50, Money Macro and Finance Research Group. [Downloadable!]
    6. António Afonso & Ricardo M. Sousa, 2009. "The Macroeconomic Effects of Fiscal Policy in Portugal: a Bayesian SVAR Analysis," Working Papers 2009/09, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
      Other versions:
    7. António Afonso, 2006. "Expansionary fiscal consolidations in Europe - new evidence," Working Paper Series 675, European Central Bank. [Downloadable!]
      Other versions:
    8. Eliza M. Lis & Christiane Nickel, 2009. "The Impact of Extreme Weather Events on Budget Balances and Implications for Fiscal Policy," Working Paper Series 1055, European Central Bank. [Downloadable!]
    9. António Afonso & Ricardo M. Sousa, 2008. "The Macroeconomic Effects of Fiscal Policy," Working Papers 2008/56, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
      Other versions:
    10. António Afonso & Luca Agnello & Davide Furceri & Ricardo M. Sousa, 2009. "Assessing Long-Term Fiscal Developments: a New Approach," Working Papers 2009/19, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
      Other versions:
    11. Ignacio Lozano & Jorge Toro, 2007. "Fiscal Policy Throughout The Business Cycle: The Colombian Experience," ENSAYOS SOBRE POLÍTICA ECONÓMICA, BANCO DE LA REPÚBLICA - ESPE. [Downloadable!]
    12. Cândida Ferreira, 2009. "Fiscal Behaviour in the European Union: Rules, Fiscal Decentralization and Government Indebtedness," Working Papers 2009/23, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
      Other versions:
    13. António Afonso, 2008. "Ricardian fiscal regimes in the European Union," Empirica, Springer, vol. 35(3), pages 313-334, July. [Downloadable!] (restricted)
      Other versions:

  34. António Afonso & Werner Ebert & Ludger Schuknecht & Michael Thöne, 2005. "Quality of public finances and growth," Working Paper Series 438, European Central Bank. [Downloadable!]

    Cited by:

    1. António Afonso & Ludger Schuknecht & Vito Tanzi, 2006. "Public sector efficiency: evidence for new EU member states and emerging markets," Working Paper Series 581, European Central Bank. [Downloadable!]
      Other versions:
    2. Xavier Debrun & Jean Pisani-Ferry & André Sapir, 2008. "Government Size and Output Volatility: Should We Forsake Automatic Stabilization?," IMF Working Papers 08/122, International Monetary Fund. [Downloadable!]
    3. António Afonso & Davide Furceri, 2008. "Government Size, Composition, Volatility and Economic Growth," Working Papers 2008/04, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
      Other versions:
    4. Sebastian Hauptmeier & Martin Heipertz & Ludger Schuknecht, 2006. "Expenditure reform in industrialised countries - a case study approach," Working Paper Series 634, European Central Bank. [Downloadable!]
      Other versions:
    5. Ignacio Lozano Espitia & Karen Rodríguez, 2009. "Assessing the Macroeconomic Effects of Fiscal," BORRADORES DE ECONOMIA 005386, BANCO DE LA REPÚBLICA. [Downloadable!]
    6. Christian Bjørnskov & Axel Dreher & Justina Fischer, 2007. "The bigger the better? Evidence of the effect of government size on life satisfaction around the world," Public Choice, Springer, vol. 130(3), pages 267-292, March. [Downloadable!] (restricted)
      Other versions:
    7. Moisa Altar & Judita Samuel, 2008. "The Influence of Fiscal Policy on Economic Growth," Advances in Economic and Financial Research - DOFIN Working Paper Series 7, Bucharest University of Economics, Center for Advanced Research in Finance and Banking - CARFIB. [Downloadable!]
    8. Ludger Schuknecht & Vito Tanzi, 2005. "Reforming public expenditure in industrialised countries - are there trade-offs?," Working Paper Series 435, European Central Bank. [Downloadable!]
    9. Ignacio Lozano & Karen Rodríguez, . "Assessing the Macroeconomic Effects of Fiscal Policy in Colombia," Borradores de Economia 552, Banco de la Republica de Colombia. [Downloadable!]
    10. Dimitri B. Papadimitriou, 2006. "Government Effects on the Distribution of Income: An Overview," Economics Working Paper Archive wp_442, Levy Economics Institute, The. [Downloadable!]

  35. António Afonso & Rolf Strauch, 2004. "Fiscal policy events and interest rate swap spreads - evidence from the EU," Working Paper Series 303, European Central Bank. [Downloadable!]
    Published as:

    Cited by:

    1. António Afonso & Ricardo M. Sousa, 2008. "The Macroeconomic Effects of Fiscal Policy," Working Papers 2008/56, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
      Other versions:
    2. Csaba Csávás & Lóránt Varga & Csaba Balogh, 2008. "The forint interest rate swap market and the main drivers of swap spreads," MNB Occasional Papers 2008/64, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]
    3. Thomas Stratmann & Bernardin Akitoby, 2006. "Fiscal Policy and Financial Markets," IMF Working Papers 06/16, International Monetary Fund. [Downloadable!]
      Other versions:
    4. Silvia Ardagna & Francesco Caselli & Timothy Lane, 2004. "Fiscal discipline and the cost of public debt service: some estimates for OECD countries," Working Paper Series 411, European Central Bank. [Downloadable!]
      Other versions:
    5. Carlos Mulas-Granados & Emanuele Baldacci & Sanjeev Gupta, 2009. "How Effective is Fiscal Policy Response in Systemic Banking Crises?," IMF Working Papers 09/160, International Monetary Fund. [Downloadable!]
    6. Stefano Schiavo, 2005. "Euro bonds: in search of financial spillovers," Department of Economics Working Papers 0502, Department of Economics, University of Trento, Italia. [Downloadable!]
    7. Hallerberg, Mark & Wolff, Guntram B., 2006. "Fiscal institutions, fiscal policy and sovereign risk premia," Discussion Paper Series 1: Economic Studies 2006,35, Deutsche Bundesbank, Research Centre. [Downloadable!]
    8. Silvia Ardagna, 2004. "Financial markets’ behavior around episodes of large changes in the fiscal stance," Working Paper Series 390, European Central Bank. [Downloadable!]
    9. Mark Hallerberg & Guntram Wolff, 2008. "Fiscal institutions, fiscal policy and sovereign risk premia in EMU," Public Choice, Springer, vol. 136(3), pages 379-396, September. [Downloadable!] (restricted)
    10. Katia Rocha & Ajax Moreira, 2009. "O Impacto da Política Fiscal nos Spreads Soberanos: A Austeridade Fiscal e a Qualidade do Ajuste," Discussion Papers 1422, Instituto de Pesquisa Econômica Aplicada - IPEA. [Downloadable!]

  36. António Afonso & Mariana Santos, 2004. "Public Tertiary Education Expenditure in Portugal: a Non-Parametric Efficiency Analysis," Working Papers 2004/05, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]

    Cited by:

    1. António Afonso & Mariana Santos, 2005. "Students and Teachers: A DEA Approach to the Relative Efficiency of Portuguese Public Universities," Working Papers 2005/07, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]

  37. António Afonso & Miguel St. Aubyn, 2004. "Non-parametric Approaches to Education and Health Expenditure Efficiency in OECD Countries," Working Papers 2004/01, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]

    Cited by:

    1. António Afonso & Ludger Schuknecht & Vito Tanzi, 2005. "Public sector efficiency: An international comparison," Public Choice, Springer, vol. 123(3), pages 321-347, June. [Downloadable!] (restricted)
      Other versions:
    2. Heinz Handler & Bertrand Koebel & Philipp Reiss & Margit Schratzenstaller, 2005. "The Size and Performance of Public Sector Activities in Europe," WIFO Working Papers 246, WIFO. [Downloadable!]
      Other versions:
    3. Anit N Mukherjee, 2007. "Public Expenditure on Education : A Review of Selected Issues and Evidence," Working Papers id:856, esocialsciences.com. [Downloadable!]
    4. Lars-Erik Borge & Torberg Falch & Per Tovmo, 2007. "Public Sector Efficiency: The Roles of Political and Budgetary Institutions, Fiscal Capacity and Democratic Participation," Working Paper Series 8407, Department of Economics, Norwegian University of Science and Technology. [Downloadable!]
      Other versions:
    5. Mukherjee, Anit N., 2007. "Public expenditure on education: A review of selected issues and evidence," Working Papers hd1, National Institute of Public Finance and Policy. [Downloadable!]
    6. Adam, Antonis & Delis, Manthos D & Kammas, Pantelis, 2008. "Public sector efficiency: Leveling the playing field between OECD countries," MPRA Paper 16493, University Library of Munich, Germany. [Downloadable!]
    7. Santiago Herrera & Gaobo Pang, 2006. "How Efficient is Public Spending in Education?," ENSAYOS SOBRE POLÍTICA ECONÓMICA, BANCO DE LA REPÚBLICA - ESPE. [Downloadable!]
    8. Lucas Novaes & Enlinson Mattos & Fabiana Rocha & Paulo Arvate & Veronica Orellano, 2008. "Economias de escala na oferta de serviços públicos de saúde: um estudo para os municípios paulistas," Anais do XXXVI Encontro Nacional de Economia [Proceedings of the 36th Brazilian Economics Meeting] 200807181429220, ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics]. [Downloadable!]
    9. Todd D. Mattina & Victoria Gunnarsson, 2007. "Budget Rigidity and Expenditure Efficiency in Slovenia," IMF Working Papers 07/131, International Monetary Fund. [Downloadable!]
    10. Ravallion, Martin, 2003. "In measuring aggregate"social efficiency"," Policy Research Working Paper Series 3166, The World Bank. [Downloadable!]
      Other versions:
    11. Etibar Jafarov & Victoria Gunnarsson, 2008. "Government Spending on Health Care and Education in Croatia: Efficiency and Reform Options," IMF Working Papers 08/136, International Monetary Fund. [Downloadable!]
    12. Pierre Pestieau, 2007. "Assessing the performance of the public sector," CREPP Working Papers 0703, Centre de Recherche en Economie Publique et de la Population (CREPP) (Research Center on Public and Population Economics) HEC-Management School, University of Liège. [Downloadable!]
    13. Herrera, Santiago & Pang, Gaobo, 2005. "Efficiency of public spending in developing countries : an efficiency frontier approach," Policy Research Working Paper Series 3645, The World Bank. [Downloadable!]
    14. Maria Alberta Oliveira & Carlos Santos, 2005. "Assessing school efficiency in Portugal using FDH and bootstrapping," Applied Economics, Taylor and Francis Journals, vol. 37(8), pages 957-968, May. [Downloadable!] (restricted)
    15. António Afonso, 2004. "A Note on Public Spending Efficiency," CESifo DICE Report, Ifo Institute for Economic Research at the University of Munich, vol. 2(1), pages 35-39, 04. [Downloadable!]
    16. António Afonso & Mariana Santos, 2005. "Students and Teachers: A DEA Approach to the Relative Efficiency of Portuguese Public Universities," Working Papers 2005/07, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
    17. Antonis Adam & Manthos D. Delis & Pantelis Kammas, 2008. "Fiscal Decentralization and Public Sector Efficiency: Evidence from OECD Countries," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    18. António Afonso & Sónia Fernandes, 2003. "Efficiency of Local Government Spending: Evidence for the Lisbon Region," Working Papers 2003/09, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]

  38. Antonio Afonso, 2004. "Fiscal Sustainability: the Unpleasant European Case," Money Macro and Finance (MMF) Research Group Conference 2004 57, Money Macro and Finance Research Group. [Downloadable!]
    Published as:

    Cited by:

    1. António Afonso, 2006. "Expansionary fiscal consolidations in Europe: new evidence," Working Papers 2006/18, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
      Other versions:
    2. Antonio Afonso & Peter Claeys, 2007. "The dynamic behaviour of budget components and output," Working Paper Series 775, European Central Bank. [Downloadable!]
      Other versions:
    3. Christophe Rault & António Afonso, 2007. "Should we care for structural breaks when assessing fiscal sustainability?," Economics Bulletin, Economics Bulletin, vol. 3(63), pages 1-9. [Downloadable!]
      Other versions:
    4. Subrata Ghatak & José R. Sánchez-Fung, 2006. "Is Fiscal Policy Sustainable in Developing Economies?," Discussion Papers 384, Government Institute for Economic Research Finland (VATT). [Downloadable!]
      Other versions:
    5. Christophe Rault & Antonio Alfonso, 2007. "What do we really know about fiscal sustainability in the EU? A panel data diagnostic," William Davidson Institute Working Papers Series wp893, William Davidson Institute at the University of Michigan Stephen M. Ross Business School. [Downloadable!]
      Other versions:
    6. António Afonso & Christophe Rault, 2008. "3-Step Analysis of Public Finances Sustainability: the Case of the European Union," Working Papers hal-00322086_v1, HAL. [Downloadable!]
      Other versions:
    7. Bernardo Mueller & Carlos Pereira & Marcus André Melo & Lee J. Alston, 2006. "Political Institutions, Policymaking Processes and Policy Outcomes in Brazil," RES Working Papers 3199, Inter-American Development Bank, Research Department. [Downloadable!]
    8. António Afonso & Luca Agnello & Davide Furceri & Ricardo M. Sousa, 2009. "Assessing Long-Term Fiscal Developments: a New Approach," Working Papers 2009/19, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
      Other versions:
    9. António Afonso, 2006. "Sustainability of fiscal policy in the EU-15," CESifo DICE Report, Ifo Institute for Economic Research at the University of Munich, vol. 4(1), pages 34-38, 04. [Downloadable!]
    10. António Afonso & Christophe Rault, 2009. "Spend-and-tax: A Panel Data Investigation for the EU," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    11. Joseph P. Byrne & Norbert Fiess & Ronald MacDonald, 2008. "The Global Dimension to Fiscal Sustainability," Working Papers 2008_10, Department of Economics, University of Glasgow. [Downloadable!]
    12. António Afonso & Christophe Rault, 2007. "What We Really Know about Fiscal Sustainability in the EU? A Panel Data Diagnostic," Working Papers 2007/20, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
    13. Frederick van der Ploeg, 2007. "Prudent Budgetary Policy: Political Economy of Precautionary Taxation," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
      Other versions:
    14. Talpos, Ioan & Dima, Bogdan & Mutascu, Mihai & Enache, Cosmin, 2009. "Empirical Evidencies for the Budget Deficits Co-Integration in the Old European Union Members: Are there any Interlinkages in Fiscal Policies?," MPRA Paper 12647, University Library of Munich, Germany. [Downloadable!]
    15. António Afonso, 2007. "Public finances in Portugal: a brief longrun view," Working Papers 2007/01, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
    16. António Afonso, 2007. "Expansionary fiscal consolidations in Europe: part of conventional wisdom?," Money Macro and Finance (MMF) Research Group Conference 2006 50, Money Macro and Finance Research Group. [Downloadable!]
    17. Peter Claeys, 2007. "Sustainability of EU fiscal policies, a panel test," IREA Working Papers 200702, University of Barcelona, Research Institute of Applied Economics, revised Jan 2007. [Downloadable!]
    18. Ricardo M. Sousa & António Afonso, 2009. "Assessing Long-Term Fiscal Developments: Evidence from Portugal," NIPE Working Papers 1/2009, NIPE - Universidade do Minho. [Downloadable!]
      Other versions:
    19. António Afonso & Ricardo M. Sousa, 2009. "The Macroeconomic Effects of Fiscal Policy in Portugal: a Bayesian SVAR Analysis," Working Papers 2009/09, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
      Other versions:
    20. António Afonso & Peter Claeys, 2006. "The dynamic behaviour of budget components and output – the cases of France, Germany, Portugal, and Spain," Working Papers 2006/26, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
    21. Silika Prohl & Friedrich G. Schneider, 2006. "Sustainability of Public Debt and Budget Deficit: Panel cointegration analysis for the European Union Member countries," Economics working papers 2006-10, Department of Economics, Johannes Kepler University Linz, Austria. [Downloadable!]
    22. António Afonso, 2009. "Neck, R. and Sturm, J.-E. (eds.): Sustainability of public debt," Journal of Economics, Springer, vol. 97(1), pages 95-96, May. [Downloadable!] (restricted)
    23. Diego Romero de Avila Torrijos & Rolf Strauch, 2003. "Public finances and long-term growth in Europe - evidence from a panel data analysis," Working Paper Series 246, European Central Bank. [Downloadable!]
    24. António Afonso, 2005. "Ricardian Fiscal Regimes in the European Union," Working Papers 2005/18, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
      Other versions:
    25. Ioan Talpos & Cosmin Enache, 2008. "Fiscal Policy Sustainability In Romania," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 1(10), pages 23. [Downloadable!]
    26. Maria do Rosario Correia & Reinhard Neck & Theodore Panagiotidis & Christian Richter, 2008. "An empirical investigation of the sustainability of the public deficit in Portugal," International Economics and Economic Policy, Springer, vol. 5(1), pages 209-223, July. [Downloadable!] (restricted)
    27. Afonso, António, 2007. "An avenue for expansionary fiscal contractions," MPRA Paper 4593, University Library of Munich, Germany. [Downloadable!]
      Other versions:

  39. Ludger Schuknecht & Antonio Afonso & Vito Tanzi, 2003. "Public sector efficiency: an international comparison," Working Paper Series 242, European Central Bank. [Downloadable!]
    Published as:

    Cited by:

    1. António Afonso & Ludger Schuknecht & Vito Tanzi, 2006. "Public sector efficiency: evidence for new EU member states and emerging markets," Working Paper Series 581, European Central Bank. [Downloadable!]
      Other versions:
    2. Weder, Beatrice & Weder, Rolf, 2009. "Switzerland.s Rise to a Wealthy Nation: Competition and Contestability as Key Success Factors," Working Papers UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER). [Downloadable!]
    3. Regis Bonelli, 2009. "Estado de uma Nação: Textos de Apoio - Estado e Economia: Estado e E Crescimento Econômico no Brasil," Discussion Papers 1393, Instituto de Pesquisa Econômica Aplicada - IPEA. [Downloadable!]
    4. Heinz Handler & Bertrand Koebel & Philipp Reiss & Margit Schratzenstaller, 2005. "The Size and Performance of Public Sector Activities in Europe," WIFO Working Papers 246, WIFO. [Downloadable!]
      Other versions:
    5. Daniel Becker, 2008. "Public-Sector Efficiency and Interjurisdictional Competition - an Empirical Investigation," Thuenen-Series of Applied Economic Theory 101, University of Rostock, Institute of Economics, Germany. [Downloadable!]
    6. António Afonso & Ludger Schknecht & Vito Tanzi, 2008. "Income Distribution Determinants and Public Spending Efficiency," Working Papers 2008/05, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
      Other versions:
    7. Mukherjee, Anit N., 2007. "Public expenditure on education: A review of selected issues and evidence," Working Papers hd1, National Institute of Public Finance and Policy. [Downloadable!]
    8. Mala Lalvani, 2009. "Introducing Expenditure Quality in Intergovernmental Transfers: A Triple-E Framework," Working Papers id:2189, esocialsciences.com. [Downloadable!]
    9. Lucas Novaes & Enlinson Mattos & Fabiana Rocha & Paulo Arvate & Veronica Orellano, 2008. "Economias de escala na oferta de serviços públicos de saúde: um estudo para os municípios paulistas," Anais do XXXVI Encontro Nacional de Economia [Proceedings of the 36th Brazilian Economics Meeting] 200807181429220, ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics]. [Downloadable!]
    10. Adam, Antonis & Delis, Manthos D & Kammas, Pantelis, 2009. "Are democratic governments more efficient?," MPRA Paper 15843, University Library of Munich, Germany. [Downloadable!]
    11. António Afonso & Miguel St. Aubyn, 2004. "Non-parametric Approaches to Education and Health Expenditure Efficiency in OECD Countries," Working Papers 2004/01, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
    12. Yamamura, Eiji, 2009. "The influence of government size on economic growth and life satisfaction. A case study from Japan," MPRA Paper 17879, University Library of Munich, Germany. [Downloadable!]
      Other versions:
    13. António Afonso & Miguel St. Aubyn, 2006. "Relative Efficiency of Health Provision: a DEA Approach with Non-discretionary Inputs," Working Papers 2006/33, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
    14. António Afonso & Sónia Fernandes, 2008. "Assessing Hospital Efficiency: Non-parametric Evidence for Portugal," Working Papers 2008/07, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
    15. Kerstin Gerling & Hans Peter Grüner & Alexandra Kiel & Elisabeth Schulte, 2003. "Information acquisition and decision making in committees: A survey," Working Paper Series 256, European Central Bank. [Downloadable!]
      Other versions:
    16. António Afonso & Mariana Santos, 2005. "Students and Teachers: A DEA Approach to the Relative Efficiency of Portuguese Public Universities," Working Papers 2005/07, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
    17. António Afonso, 2007. "Public finances in Portugal: a brief longrun view," Working Papers 2007/01, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
    18. Antonio Afonso & Carla Scaglioni, 2005. "Public Services Efficiency Provision in Italian Regions: a Non-Parametric Analysis," Working Papers 2005/02, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
    19. Konstantinos Angelopoulos & Apostolis Philippopoulos, 2005. "The Role of Government in Anti-Social Redistributive Activities," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    20. António Afonso & Davide Furceri, 2008. "Government Size, Composition, Volatility and Economic Growth," Working Papers 2008/04, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
      Other versions:
    21. Serena Lamartina & Andrea Zaghini, 2008. "Increasing Public Expenditures: Wagner’s Law in OECD Countries," CFS Working Paper Series 2008/13, Center for Financial Studies. [Downloadable!]
    22. Konstantinos Angelopoulos & George Economides, 2005. "Rent Seeking, Policy and Growth under Electoral Uncertainty: Theory and Evidence," DEGIT Conference Papers c010_029, DEGIT, Dynamics, Economic Growth, and International Trade. [Downloadable!]
    23. Reto Schleiniger, 2008. "Regional Quantity, Productivity and Efficiency Measures of the Swiss Health Care System," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 144(III), pages 459-476, September. [Downloadable!]
    24. Herrera, Santiago & Pang, Gaobo, 2005. "Efficiency of public spending in developing countries : an efficiency frontier approach," Policy Research Working Paper Series 3645, The World Bank. [Downloadable!]
    25. Donath , Liliana & Milos, Marius, 2008. "Public sector efficiency according to COFOG classification in the European Union," MPRA Paper 12927, University Library of Munich, Germany. [Downloadable!]
    26. Revelli Federico, 2008. "Spend more, get more? An inquiry into English local government performance," Department of Economics Working Papers 200804, University of Turin. [Downloadable!]
    27. Marco Catenaro & Jean-Pierre Vidal, 2003. "Implicit tax co-ordination under repeated policy interactions," Working Paper Series 259, European Central Bank. [Downloadable!]
    28. Lars-Erik Borge & Torberg Falch & Per Tovmo, 2007. "Public Sector Efficiency: The Roles of Political and Budgetary Institutions, Fiscal Capacity and Democratic Participation," Working Paper Series 8407, Department of Economics, Norwegian University of Science and Technology. [Downloadable!]
      Other versions:
    29. David Hauner & Annette Kyobe, 2008. "Determinants of Government Efficiency," IMF Working Papers 08/228, International Monetary Fund. [Downloadable!]
    30. Emanuele, Canegrati, 2008. "Analysis of Intergenerational Inequality: the Role of Public Expenditure and Taxation," MPRA Paper 10926, University Library of Munich, Germany. [Downloadable!]
    31. Konstantinos Angelopoulos & Apostolis Philippopoulos & Efthymios Tsionas, 2007. "Does public sector efficiency matter? Revisiting the relation between fiscal size and economic growth in a world sample," Working Papers 2007_30, Department of Economics, University of Glasgow. [Downloadable!]
      Other versions:
    32. António Afonso & Vítor Gaspar, 2006. "Excess burden and the cost of inefficiency in public services provision," Working Papers 2006/05, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
      Other versions:
    33. António Afonso & Miguel St. Aubyn, 2005. "Non-parametric approaches to education and health efficiency in OECD countries," Journal of Applied Economics, Universidad del CEMA, vol. 0, pages 227-246, November. [Downloadable!]
    34. Philippe Widmer & Peter Zweifel, 2008. "Provision of Public Goods in a Federalist Country: Tiebout Competition, Fiscal Equalization, and Incentives for Efficiency in Switzerland," Working Papers 0804, University of Zurich, Socioeconomic Institute. [Downloadable!]
    35. Claus Brand & Hans-Eggert Reimers & Franz Seitz, 2003. "Forecasting real GDP: What role for narrow money?," Working Paper Series 254, European Central Bank. [Downloadable!]
    36. Peter Heller & David Hauner, 2006. "Fiscal policy in the face of long-term expenditure uncertainties," International Tax and Public Finance, Springer, vol. 13(4), pages 325-350, August. [Downloadable!] (restricted)
    37. Pierre Pestieau, 2007. "Assessing the performance of the public sector," CREPP Working Papers 0703, Centre de Recherche en Economie Publique et de la Population (CREPP) (Research Center on Public and Population Economics) HEC-Management School, University of Liège. [Downloadable!]
    38. William A. Barnett, 2003. "Aggregation-theoretic monetary aggregation over the Euro area; when countries are heterogeneous," Working Paper Series 260, European Central Bank. [Downloadable!]
      Other versions:
    39. Aaron N. Mehrotra & Tuomas A. Peltonen, 2005. "Socio-economic development and fiscal policy - lessons from the cohesion countries for the new member states," Working Paper Series 467, European Central Bank. [Downloadable!]
    40. António Afonso & Sónia Fernandes, 2005. "Assessing and Explaining the Relative Efficiency of Local Government: Evidence for Portuguese Municipalities," Working Papers 2005/19, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
    41. Ralph Süppel, 2003. "Comparing economic dynamics in the EU and CEE accession countries," Working Paper Series 267, European Central Bank. [Downloadable!]
    42. Antonis Adam & Manthos D. Delis & Pantelis Kammas, 2008. "Fiscal Decentralization and Public Sector Efficiency: Evidence from OECD Countries," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    43. António Afonso & Sónia Fernandes, 2003. "Efficiency of Local Government Spending: Evidence for the Lisbon Region," Working Papers 2003/09, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
    44. António Afonso & Miguel St. Aubyn, 2005. "Cross-country Efficiency of Secondary Education Provision: a Semi-parametric Analysis with Nondiscretionary Inputs," Working Papers 2005/05, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
      Other versions:
    45. De Witte, Kristof & Moesen, Wim, 2009. "Sizing the Government," MPRA Paper 14785, University Library of Munich, Germany. [Downloadable!]
    46. Annick Bruggeman & Paola Donati & Anders Warne, 2003. "Is the demand for Euro area M3 stable?," Working Paper Series 255, European Central Bank. [Downloadable!]
    47. António Afonso & Werner Ebert & Ludger Schuknecht & Michael Thöne, 2005. "Quality of public finances and growth," Working Paper Series 438, European Central Bank. [Downloadable!]
    48. Anit N Mukherjee, 2007. "Public Expenditure on Education : A Review of Selected Issues and Evidence," Working Papers id:856, esocialsciences.com. [Downloadable!]
    49. Antonio Afonso & Carla Scaglioni, 2006. "An Assessment of Telecommunications Regulation Performance in the European Union," Working Papers 2006/07, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
    50. Adam, Antonis & Delis, Manthos D & Kammas, Pantelis, 2008. "Public sector efficiency: Leveling the playing field between OECD countries," MPRA Paper 16493, University Library of Munich, Germany. [Downloadable!]
    51. Alessandro Calza & João Sousa, 2003. "Why has broad money demand been more stable in the Euro area than in other economies? A literature review," Working Paper Series 261, European Central Bank. [Downloadable!]
    52. Marcel Fratzscher & Livio Stracca, 2009. "Does it pay to have the euro? Italy’s politics and financial markets under the lira and the euro," Working Paper Series 1064, European Central Bank. [Downloadable!]
    53. Christian Bjørnskov & Axel Dreher & Justina Fischer, 2007. "The bigger the better? Evidence of the effect of government size on life satisfaction around the world," Public Choice, Springer, vol. 130(3), pages 267-292, March. [Downloadable!] (restricted)
      Other versions:
    54. Donath , Liliana & Milos, Marius Cristian & Milos, Laura Raisa, 2008. "Public investment and economic growth in the European Union member states," MPRA Paper 12954, University Library of Munich, Germany. [Downloadable!]
    55. Ludger Schuknecht & Vito Tanzi, 2005. "Reforming public expenditure in industrialised countries - are there trade-offs?," Working Paper Series 435, European Central Bank. [Downloadable!]
    56. Ravallion, Martin, 2003. "In measuring aggregate"social efficiency"," Policy Research Working Paper Series 3166, The World Bank. [Downloadable!]
      Other versions:
    57. Francisco de Castro Fernández & José Manuel González Mínguez, 2008. "The composition of public finances and long-term growth: a macroeconomic approach," Banco de España Occasional Papers 0809, Banco de España. [Downloadable!]
    58. António Afonso, 2004. "A Note on Public Spending Efficiency," CESifo DICE Report, Ifo Institute for Economic Research at the University of Munich, vol. 2(1), pages 35-39, 04. [Downloadable!]
    59. Konstantinos Angelopoulos & Apostolis Philippopoulos, 2007. "The growth effects of fiscal policy in Greece 1960–2000," Public Choice, Springer, vol. 131(1), pages 157-175, April. [Downloadable!] (restricted)
    60. António Afonso & Mariana Santos, 2004. "Public Tertiary Education Expenditure in Portugal: a Non-Parametric Efficiency Analysis," Working Papers 2004/05, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]

  40. António Afonso & Sónia Fernandes, 2003. "Efficiency of Local Government Spending: Evidence for the Lisbon Region," Working Papers 2003/09, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]

    Cited by:

    1. Antonio Afonso & Carla Scaglioni, 2005. "Public Services Efficiency Provision in Italian Regions: a Non-Parametric Analysis," Working Papers 2005/02, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
    2. Heikki A. Loikkanen & Ilkka Susiluoto, 2005. "Cost Efficiency of Finnish Municipalities in Basic Service Provision 1994-2002," ERSA conference papers ersa05p37, European Regional Science Association. [Downloadable!]
    3. António Afonso & Miguel St. Aubyn, 2004. "Non-parametric Approaches to Education and Health Expenditure Efficiency in OECD Countries," Working Papers 2004/01, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]

  41. António Afonso, 2002. "Understanding the Determinants of Government Debt Ratings: Evidence for the Two Leading Agencies," Working Papers 2002/02, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]

    Cited by:

    1. Peter Rowland, . "Buyback of Colombian Sovereign Debt," Borradores de Economia 331, Banco de la Republica de Colombia. [Downloadable!]
    2. Peter Rowland & José Luis Torres, . "Determinants of Spread and Creditworthiness for Emerging Market Sovereign Debt:A Panel Data Study," Borradores de Economia 295, Banco de la Republica de Colombia. [Downloadable!]
      Other versions:
    3. Amine Mati & Emanuele Baldacci & Sanjeev Gupta, 2008. "Is it (Still) Mostly Fiscal? Determinants of Sovereign Spreads in Emerging Markets," IMF Working Papers 08/259, International Monetary Fund. [Downloadable!]
    4. Peter Rowland, 2004. "Determinants Of Spread , Credit Rating And Creditworthiness For Emerging Market Sovereign Debt: A Panel Data Study," BORRADORES DE ECONOMIA 002336, BANCO DE LA REPÚBLICA. [Downloadable!]
    5. Eli M. Remolona & Michela Scatigna & Eliza Wu, 2008. "A ratings-based approach to measuring sovereign risk," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 13(1), pages 26-39. [Downloadable!]
    6. António Afonso & Rolf Strauch, 2004. "Fiscal policy events and interest rate swap spreads - evidence from the EU," Working Paper Series 303, European Central Bank. [Downloadable!]
      Other versions:
    7. Peter Rowland, 2005. "Buyback Of Colombian Sovereign Debt," BORRADORES DE ECONOMIA 002073, BANCO DE LA REPÚBLICA. [Downloadable!]
    8. Peter Rowland, . "Determinants of Spread and Credit Ratings and Creditworthiness for Emerging Market Sovereign Debt: A Follow-Up Study Using Pooled Data Analysis," Borradores de Economia 296, Banco de la Republica de Colombia. [Downloadable!]
    9. António Afonso & Pedro Gomes & Philipp Rother, 2006. "What “Hides” Behind Sovereign Debt Ratings?," Working Papers 2006/35, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
      Other versions:
    10. Miguel García-Posada & Josep M.ª Vilarrubia, 2008. "Map of the international exposure of the Spanish economy," Banco de España Occasional Papers 0807, Banco de España. [Downloadable!]
    11. Peter Rowland, 2004. "The Colombian Sovereign Spread And Its Determinants," BORRADORES DE ECONOMIA 003572, BANCO DE LA REPÚBLICA. [Downloadable!]

  42. António Afonso, 2002. "Disturbing the fiscal theory of the price level: Can it fit the eu-15?," 10th International Conference on Panel Data, Berlin, July 5-6, 2002 B4-3, International Conferences on Panel Data. [Downloadable!]
    Other versions:

    Cited by:

    1. Kilian Bizer & Zulia Gubaydullina & Hazim Rahahleh & Werner Sesselmeier, 2007. "FTPL-Perspective on Tradable Deficit Permits in the EMU," Atlantic Economic Journal, International Atlantic Economic Society, vol. 35(3), pages 259-267, September. [Downloadable!] (restricted)
    2. Philipp C. Rother, 2004. "Fiscal policy and inflation volatility," Working Paper Series 317, European Central Bank. [Downloadable!]
    3. Andreas Thams, 2006. "Fiscal Policy Effects in the European Union," SFB 649 Discussion Papers SFB649DP2006-016, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany. [Downloadable!]

  43. António Afonso, 2001. "Non-Keynesian Effects of Fiscal Policy in the EU-15," Working Papers 2001/07, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]

    Cited by:

    1. António Afonso, 2002. "Understanding the Determinants of Government Debt Ratings: Evidence for the Two Leading Agencies," Working Papers 2002/02, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
    2. António Afonso, 2007. "Expansionary fiscal consolidations in Europe: part of conventional wisdom?," Money Macro and Finance (MMF) Research Group Conference 2006 50, Money Macro and Finance Research Group. [Downloadable!]
    3. Maria Neicheva, 2006. "Non-Keynesian Effects of Government Expenditure on Output in Bulgaria: An HP Filter Approach," Post-Communist Economies, Taylor and Francis Journals, vol. 18(1), pages 1-12, March. [Downloadable!] (restricted)
    4. Doris Prammer, 2004. "Expansionary Fiscal Consolidations? An Appraisal of the Literature on Non-Keynesian Effects of Fiscal Policy and a Case Study for Austria," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue 3, pages 35-52, October. [Downloadable!]
    5. António Afonso, 2006. "Expansionary fiscal consolidations in Europe: new evidence," Working Papers 2006/18, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
      Other versions:
    6. Anton Burger & Martin Zagler, 2007. "Reasons for the U.S. growth period in the nineties: non-keynesian effects, asset wealth and productivity," Department of Economics Working Papers wuwp095, Vienna University of Economics and B.A., Department of Economics. [Downloadable!]
    7. Francesco Busato & Bruno Charini & Enrico Marchetti, 2004. "Indeterminacy, Underground Activities and Tax Evasion," Economics Working Papers 2004-12, School of Economics and Management, University of Aarhus. [Downloadable!]
      Other versions:
    8. Neicheva, Maria, 2007. "Non-Keynesian effects of Government Spending: Some implications for the Stability and Growth Pact," MPRA Paper 5277, University Library of Munich, Germany. [Downloadable!]
    9. Jönsson, Kristian, 2004. "Effective Consumption and Non-Keynesian Effects of Fiscal Policy," Working Papers 2004:26, Lund University, Department of Economics. [Downloadable!]
    10. António Afonso & Christiane Nickel & Philipp Rother, 2005. "Fiscal Consolidations in the Central and Eastern European Countries," Working Papers 2005/03, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
      Other versions:
    11. Johansson, Martin & Jönsson, Kristian, 2003. "Public debt and the effects of government expenditure on private consumption - A Kalman filter analysis of the Swedish experience 1970-1997," Working Papers 2003:3, Lund University, Department of Economics. [Downloadable!]
    12. Jönsson, Kristian, 2004. "Fiscal Policy Regimes and Household Consumption," Working Papers 2004:12, Lund University, Department of Economics. [Downloadable!]

  44. António Afonso, 2000. "Fiscal policy sustainability: some unpleasant European evidence," Working Papers 2000/12, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]

    Cited by:

    1. António Afonso, 2001. "Non-Keynesian Effects of Fiscal Policy in the EU-15," Working Papers 2001/07, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
    2. António Afonso, 2002. "Disturbing the fiscal theory of the price level: Can it fit the eu-15?," 10th International Conference on Panel Data, Berlin, July 5-6, 2002 B4-3, International Conferences on Panel Data. [Downloadable!]
      Other versions:
    3. Carlos Fonseca Marinheiro, 2005. "Sustainability of Portuguese Fiscal Policy in Historical Perspective," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
      Other versions:
    4. Carlos Marinheiro, 2006. "The sustainability of Portuguese fiscal policy from a historical perspective," Empirica, Springer, vol. 33(2), pages 155-179, June. [Downloadable!] (restricted)

Articles

  1. Antonio Afonso & Pedro Gomes & Philipp Rother, 2009. "Ordered response models for sovereign debt ratings," Applied Economics Letters, Taylor and Francis Journals, vol. 16(8), pages 769-773. [Downloadable!] (restricted)
    Other versions:

    See citations under working paper version above.

  2. António Afonso & Miguel St. Aubyn, 2009. "Macroeconomic Rates Of Return Of Public And Private Investment: Crowding-In And Crowding-Out Effects," Manchester School, University of Manchester, vol. 77(s1), pages 21-39, 09. [Downloadable!] (restricted)
    Other versions:

    See citations under working paper version above.

  3. Afonso, Antonio & Claeys, Peter, 2008. "The dynamic behaviour of budget components and output," Economic Modelling, Elsevier, vol. 25(1), pages 93-117, January. [Downloadable!] (restricted)
    Other versions:

    See citations under working paper version above.

  4. António Afonso, 2008. "Ricardian fiscal regimes in the European Union," Empirica, Springer, vol. 35(3), pages 313-334, July. [Downloadable!] (restricted)
    Other versions:

    See citations under working paper version above.

  5. Afonso, António & Furceri, Davide, 2008. "EMU enlargement, stabilization costs and insurance mechanisms," Journal of International Money and Finance, Elsevier, vol. 27(2), pages 169-187, March. [Downloadable!] (restricted)

    Cited by:

    1. António Afonso & Davide Furceri, 2007. "Sectoral Business Cycle Synchronization in the European Union," Working Papers 2007/02, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]

  6. António Afonso, 2008. "Euler testing Ricardo and Barro in the EU," Economics Bulletin, Economics Bulletin, vol. 5(16), pages 1-14. [Downloadable!]
    Other versions:

    See citations under working paper version above.

  7. António Afonso & Vítor Gaspar, 2007. "Dupuit, Pigou and cost of inefficiency in public services provision," Public Choice, Springer, vol. 132(3), pages 485-502, September. [Downloadable!] (restricted)

    Cited by:

    1. António Afonso & Ludger Schknecht & Vito Tanzi, 2008. "Income Distribution Determinants and Public Spending Efficiency," Working Papers 2008/05, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
      Other versions:

  8. Afonso, Antonio & Strauch, Rolf, 2007. "Fiscal policy events and interest rate swap spreads: Evidence from the EU," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 17(3), pages 261-276, July. [Downloadable!] (restricted)
    Other versions:

    See citations under working paper version above.

  9. Christophe Rault & António Afonso, 2007. "Should we care for structural breaks when assessing fiscal sustainability?," Economics Bulletin, Economics Bulletin, vol. 3(63), pages 1-9. [Downloadable!]
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    See citations under working paper version above.

  10. António Afonso, 2006. "Sustainability of fiscal policy in the EU-15," CESifo DICE Report, Ifo Institute for Economic Research at the University of Munich, vol. 4(1), pages 34-38, 04. [Downloadable!]

    Cited by:

    1. Angela I. Uwakwe, 2008. "Public Debt Management & Fiscal Sustainability in Italy," AIUB Bus Econ Working Paper Series AIUB-BUS-ECON-2008-20, American International University-Bangladesh, Office of Research and Publications (ORP), revised Jun 2008. [Downloadable!]

  11. Afonso, Antonio & St. Aubyn, Miguel, 2006. "Cross-country efficiency of secondary education provision: A semi-parametric analysis with non-discretionary inputs," Economic Modelling, Elsevier, vol. 23(3), pages 476-491, May. [Downloadable!] (restricted)
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    See citations under working paper version above.

  12. António Afonso & Christiane Nickel & Philipp C. Rother, 2006. "Fiscal Consolidations in the Central and Eastern European Countries," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 142(2), pages 402-421, July. [Downloadable!] (restricted)
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  13. António Afonso & Sónia Fernandes, 2006. "Measuring local government spending efficiency: Evidence for the Lisbon region," Regional Studies, Taylor and Francis Journals, vol. 40(1), pages 39-53, February. [Downloadable!] (restricted)

    Cited by:

    1. António Afonso & Sónia Fernandes, 2008. "Assessing Hospital Efficiency: Non-parametric Evidence for Portugal," Working Papers 2008/07, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
    2. Revelli Federico, 2008. "Spend more, get more? An inquiry into English local government performance," Department of Economics Working Papers 200804, University of Turin. [Downloadable!]
    3. Philippe Widmer & Peter Zweifel, 2008. "Provision of Public Goods in a Federalist Country: Tiebout Competition, Fiscal Equalization, and Incentives for Efficiency in Switzerland," Working Papers 0804, University of Zurich, Socioeconomic Institute. [Downloadable!]

  14. António Afonso & Ludger Schuknecht & Vito Tanzi, 2005. "Public sector efficiency: An international comparison," Public Choice, Springer, vol. 123(3), pages 321-347, June. [Downloadable!] (restricted)
    Other versions:

    See citations under working paper version above.

  15. António Afonso, 2005. "Fiscal Sustainability: The Unpleasant European Case," FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, vol. 61(1), pages 19-, March.
    Other versions:

    See citations under working paper version above.

  16. António Afonso & Miguel St. Aubyn, 2005. "Non-parametric approaches to education and health efficiency in OECD countries," Journal of Applied Economics, Universidad del CEMA, vol. 0, pages 227-246, November. [Downloadable!]

    Cited by:

    1. António Afonso & Ludger Schuknecht & Vito Tanzi, 2006. "Public sector efficiency: evidence for new EU member states and emerging markets," Working Paper Series 581, European Central Bank. [Downloadable!]
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    2. Bruce Hollingsworth, 2008. "The measurement of efficiency and productivity of health care delivery," Health Economics, John Wiley & Sons, Ltd., vol. 17(10), pages 1107-1128. [Downloadable!]
    3. António Afonso & Ludger Schknecht & Vito Tanzi, 2008. "Income Distribution Determinants and Public Spending Efficiency," Working Papers 2008/05, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
      Other versions:
    4. António Afonso & Miguel St. Aubyn, 2006. "Relative Efficiency of Health Provision: a DEA Approach with Non-discretionary Inputs," Working Papers 2006/33, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
    5. António Afonso & Sónia Fernandes, 2008. "Assessing Hospital Efficiency: Non-parametric Evidence for Portugal," Working Papers 2008/07, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
    6. Antonio Afonso & Carla Scaglioni, 2005. "Public Services Efficiency Provision in Italian Regions: a Non-Parametric Analysis," Working Papers 2005/02, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
    7. Miguel St. Aubyn, 2008. "Law and Order Efficiency Measurement – A Literature Review," Working Papers 2008/19, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
    8. Antonio Estache & Marianela González & Lourdes Trujillo, 2007. "Government Expenditures on Education, Health, and Infrastructure: A Naïve Look at Levels, Outcomes, and Efficiency," City University Economics Discussion Papers 07/03, Department of Economics, City University, London. [Downloadable!]
      Other versions:
    9. António Afonso & Sónia Fernandes, 2006. "Measuring local government spending efficiency: Evidence for the Lisbon region," Regional Studies, Taylor and Francis Journals, vol. 40(1), pages 39-53, February. [Downloadable!] (restricted)
    10. António Afonso & Vítor Gaspar, 2006. "Excess burden and the cost of inefficiency in public services provision," Working Papers 2006/05, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
      Other versions:
    11. Bruno Eugène, 2008. "The efficiency frontier as a method for gauging the performance of public expenditure : a Belgian case study," Research series 200809-12, National Bank of Belgium. [Downloadable!]
    12. António Afonso & Vítor Gaspar, 2007. "Dupuit, Pigou and cost of inefficiency in public services provision," Public Choice, Springer, vol. 132(3), pages 485-502, September. [Downloadable!] (restricted)
    13. António Afonso & Miguel St. Aubyn, 2005. "Cross-country Efficiency of Secondary Education Provision: a Semi-parametric Analysis with Nondiscretionary Inputs," Working Papers 2005/05, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
      Other versions:
    14. António Afonso & Werner Ebert & Ludger Schuknecht & Michael Thöne, 2005. "Quality of public finances and growth," Working Paper Series 438, European Central Bank. [Downloadable!]

  17. António Afonso, 2004. "A Note on Public Spending Efficiency," CESifo DICE Report, Ifo Institute for Economic Research at the University of Munich, vol. 2(1), pages 35-39, 04. [Downloadable!]

    Cited by:

    1. Konstantinos Angelopoulos & Apostolis Philippopoulos, 2005. "The Role of Government in Anti-Social Redistributive Activities," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    2. António Afonso & Werner Ebert & Ludger Schuknecht & Michael Thöne, 2005. "Quality of public finances and growth," Working Paper Series 438, European Central Bank. [Downloadable!]

Did you know? RePEc stands for Research Papers in Economics.

This page was last updated on 2009-12-21.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.