108
Views
0
CrossRef citations to date
0
Altmetric
Original Articles

Budgetary decomposition and yield spreads

&

References

  • Alesina, A., and R. Perotti. 1996. “Fiscal Discipline and the Budget Process.” American Economic Review 86 (2): 401–407.
  • Ardagna, S., F. Caselli, and T. Lane. 2007. “Fiscal Discipline and the Cost of Public Debt Service: Some Estimates for OECD Countries.” The B.E. Journal of Macroeconomics 7 (1). doi:10.2202/1935-1690.1417.
  • Barrios, S., P. Iversen, M. Lewandowska, and R. Setzer. 2009. “Determinants of Intra-Euro-Area Government Bond Spreads during the Financial Crisis.” European Commission, Economic Papers 388.
  • Bernoth, K., J. Von Hagen, and L. Schuknecht. 2012. “Sovereign Risk Premiums in the European Government Bond Market.” Journal of International Money and Finance 31: 975–995. doi:10.1016/j.jimonfin.2011.12.006.
  • Codogno, L., C. Favero, and A. Missale. 2003. “Yield Spreads on EMU Government Bonds.” Economic Policy 18: 503–532. doi:10.1111/1468-0327.00114_1.
  • Ejsing, J., W. Lemke, and E. Margaritov. 2011. Sovereign Bond Spreads and Fiscal Fundamentals - A Real-Time, Mixed-Frequency Approach. Mimeo. Frankfurt: ECB.
  • Favero, C., M. Pagano, and E.-L. Von Thadden. 2010. “How Does Liquidity Affect Government Bond Yields?” Journal of Financial and Quantitative Analysis 45: 107–134. doi:10.1017/S0022109009990494.
  • Gerlach, S., A. Schulz, and G. Wolff. 2010. “Banking and Sovereign Risk in the Euro-Area.” CEPR Discussion Paper No. 7833.
  • Holtz-Eakin, D., W. Newey, and H. S. Rosen. 1988. “Estimating Vector Autoregressions with Panel Data.” Econometrica 56 (6): 1371–1395.
  • Kneller, R., M. Bleaney, and N. Gemmell. 1999. “Fiscal Policy and Growth: Evidence from OECD Countries.” Journal of Public Economics 74: 171–190. doi:10.1016/S0047-2727(99)00022-5.
  • Longstaff, F., J. Pan, L. Pedersen, and K. Singleton. 2011. “How Sovereign Is Sovereign Credit Risk?” American Economic Journal: Macroeconomics 3: 75–103.
  • Maddala, G. S., and S. Wu. 1999. “A Comparative Study of Unit Root Tests with Panel Data and New Simple Test.” Oxford Bulletin of Economics and Statistics 61: 631–652.
  • Manganelli, S., and G. Wolswijk. 2009. “What Drives Spreads in the Euro-Area Government Bond Market?” Economic Policy 24: 191–240. doi:10.1111/ecop.2009.24.issue-58.
  • Pesaran, M. H. 2007. “A Simple Panel Unit Root Test in the Presence of Cross Section Dependence.” Journal of Applied Economics 22 (2):265–312.
  • Romero De Avila, D., and R. Strauch. 2008. “Public Finances and Long-Term Growth in Europe: Evidence from a Panel Data Analysis.” European Journal of Political Economy 24 (1): 172–191. doi:10.1016/j.ejpoleco.2007.06.008.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.