Accès libre

Have Public Finances in the OECD Area Been Sustainable?

   | 16 mars 2018
À propos de cet article

Citez

Afonso, A., & Jalles J. (2012). Revisiting fiscal sustainability - Panel cointegration and structural breaks in OECD countries. European Central Bank - Working Paper Series, 1465. https://doi.org/10.2139/ssrn.2180575 10.2139/ssrn.2180575Open DOISearch in Google Scholar

AMECO. (2017). Annual Data on Public Finances. Retrieved May 24, 2017, from AMECO database, http://ec.europa.eu/economy_finance/ameco/ . Search in Google Scholar

Black, S. (1985). Learning from adversity: policy responses to two oil shocks. Essays in International Finance, 160, 1-24. Retrieved from https://www.princeton.edu/~ies/IES_Essays/E160.pdf Search in Google Scholar

Blanchard, O., Chouraqui J., Hagemann R., & Sartor, N. (1990). The sustainability of Fiscal Policy: New Answers to an Old Question. OECD Journal: Economic Studies, 15, 7-36. Retrieved from http://www.oecd.org/eco/outlook/34288870.pdf Search in Google Scholar

BP (2016). Annual Crude Oil Prices. Retrieved April 20, 2017, from British Petroleum database, http://www.bp.com/en/global/corporate/energy-economics/statistical-review-of-world-energy/ . Search in Google Scholar

Chabert, G., & Clavel, L. (2012). Lessons for today from Sweden’s crisis in the 1990s. Ministère de l’Economie, et des Finances et Ministère du Commerce Extérieur, Trésor-Economics, 105. Retrieved from https://www.tresor.economie.gouv.fr/Ressources/File/377309 Search in Google Scholar

Chalk, N., & Hemming R. (2000). Assessing Fiscal Sustainability in Theory and Practice. International Monetary Fund (IMF), Working Paper, WP/00/81, 1-27. https://doi.org/10.2139/ssrn.2109394 10.2139/ssrn.2109394Search in Google Scholar

Dickey, D., & Fuller W. (1979). Distribution of the estimators for time series regressions with a unit root. Journal of the American Statistical Association, 74(366), 427-431. https://doi.org/10.2307/2286348 10.2307/2286348Open DOISearch in Google Scholar

European Central Bank. (2011). Ensuring fiscal sustainability in the Euro Area, ECB Monthly Bulletin, April Newsletter, 61-77. European Central Bank. Retrieved from https://www.ecb.europa.eu/pub/pdf/other/art1_mb201104en_pp61-77en.pdf?7e60e35118a9713b28501fa1819b9880 Search in Google Scholar

European Commission. (2008). Communication from the Commission to the European Council - A European Recovery Plan, COM (2008) 800 final. European Commission. Retrieved from http://ec.europa.eu/economy_finance/publications/pages/publication13504_en.pdf Search in Google Scholar

European Commission. (2009). Economic Crisis in Europe: Causes, Consequences and Responses, European Economy 7|2009. European Commission. Retrieved from http://ec.europa.eu/economy_finance/publications/pages/publication15887_en.pdf Search in Google Scholar

European Commission. (2016). European Semester Thematic Factsheet - Sustainability of Public Finances. European Commission. Retrieved from https://ec.europa.eu/info/sites/info/files/european-semester_thematic-factsheet_public-finance-sustainability_en.pdf Search in Google Scholar

Eviews. (2017). Eviews 9.5 version. Retrieved from http://www.eviews.com/ Search in Google Scholar

Hakkio, C., & Rush, M. (1991). Is the budget deficit ‘too large’? Economic Inquiry, 29, 429-445. https://doi.org/10.1111/j.1465-7295.1991.tb00837.x 10.1111/j.1465-7295.1991.tb00837.xOpen DOISearch in Google Scholar

IMF (2017). World Economic Outlook (April 2017) - General government gross debt, percent of GDP. International Monetary Fund. Retrieved from http://www.imf.org/external/datamapper/GGXWDG_NGDP@WEO?year=2017 Search in Google Scholar

Jonung, L., Kiander J., & Vartia, P. (2008). The great financial crisis in Finland and Sweden - The dynamics of boom, bust and recovery, 1985-2000. Directorate-General for Economic and Financial Affairs, European Commission, Economic Papers, 350, 1-70. Retrieved from http://ec.europa.eu/economy_finance/publications/pages/publication13551_en.pdf Search in Google Scholar

Kwiatkowski, D., Phillips. P., Schmidt P., & Shin Y. (1992). Testing the null hypothesis of stationarity against the alternative of a unit root. Journal of Econometrics, 54, 159-178. https://doi.org/10.1016/0304-4076(92)90104-Y 10.1016/0304-4076(92)90104-YOpen DOISearch in Google Scholar

Llewellyn, J. (1983). Resource prices and macroeconomic policies: Lessons from two oil price shocks. OECD Journal: Economic Studies, 1, 197-212. Retrieved from http://www.oecd.org/eco/outlook/35552323.pdf Search in Google Scholar

Maddison, A. (1995). Monitoring the World Economy. Paris: OECD. Search in Google Scholar

Maddison, A. (2001). The World Economy - A millennial perspective. Paris: OECD. http://doi.org/10.1787/9789264189980-en 10.1787/9789264189980-enOpen DOISearch in Google Scholar

OECD (2017). Annual Data on Public Finances. Retrieved from OECD Economic Outlook - Statistics - No. 101 - June 2017. Retrieved June 9, 2017, from https://stats.oecd.org/index.aspx?DataSetCode=EO# Search in Google Scholar

Pereira, P., Afonso A., Arcanjo M., & Santos J. (2005). Economia e finanças públicas. Lisbon: Escolar Editora. Search in Google Scholar

Perron, P. (1989). The Great Crash, the Oil Price Shock, and the Unit Root Hypothesis. Econometrica, 57, 1361-1401. https://dx.doi.org/10.2307/1913712 10.2307/1913712Open DOISearch in Google Scholar

Phillips, P.C.B., & P. Perron (1988). Testing for a Unit Root in Time Series Regression. Biometrika, 75, 335-346. https://doi.org/10.2307/2336182 10.2307/2336182Open DOISearch in Google Scholar

Quintos, C. (1995). Sustainability of the deficit process with structural shifts. Journal of Business & Economic Statistics, 13, 409-417. https://doi.org/10.2307/1392386 10.2307/1392386Open DOISearch in Google Scholar

Schwert, G. (1989). Tests for unit roots: A Monte Carlo investigation. Journal of Business & Economic Statistics, 7, 147-159. https://doi.org/10.2307/1391432 10.2307/1391432Open DOISearch in Google Scholar

Trehan, B., & Walsh C. (1991). Testing intertemporal budget constraints: theory and applications to U.S. federal budget and current account deficits. Journal of Money, Credit and Banking, 23, 206-223. https://doi.org/10.2307/1992777 10.2307/1992777Open DOISearch in Google Scholar

World Bank (2017). Annual Data on GDP. Retrieved from World Bank database. Retrieved April 29, 2017, from http://data.worldbank.org/indicator/NY.GDP.MKTP.KDSearch in Google Scholar

eISSN:
2256-0394
ISSN:
1407-7337
Langue:
Anglais