Author

Name:
António Afonso
Educations:
Ph D: UTL, Economics, 2002
Master: ISEG - UTL, Economics, 1993
Bachelor: UTL, Economics, 1989
e-mail:
aafonso@iseg.utl.pt
URL:
http://pascal.iseg.utl.pt/~aafonso/AAWeb.html
FCT research center:
Unidade de Estudos sobre Complexidade e Economia (2015)
REBIDES institution:
Universidade de Lisboa - Instituto Superior de Economia e Gestão (2015)
Ideas:
http://ideas.repec.org/e/paf1.html
Researcher id:
http://www.researcherid.com/rid/B-5954-2009
Articles 81:

Decomposing and Analysing the Determinants of Current Accounts' Cyclicality: Evidence from the Euro Area
António Afonso, João Tovar Jalles
Open Economies Review, vol. 30, 2019, p. 133-156.

Economic Growth, Public, and Private Investment Returns in 17 OECD Economies
António Afonso, Miguel St Aubyn
Portuguese Economic Journal, vol. 18, 2019, p. 47-65.

Quantitative Easing and Sovereign Yield Spreads: Euro-Area Time-Varying Evidence
António Afonso, João Tovar Jalles
Journal Of International Financial Markets, Institutions And Money, vol. 58, 2019, p. 208-224.

Debt Crisis and 10-Year Sovereign Yields in Ireland and in Portugal
António Afonso, Jorge Silva
Applied Economics Letters, vol. 25, 2018, p. 217-222.

Fiscal Developments and Financial Stress: A Threshold VAR Analysis
António Afonso, Jaromir Baxa, Michal Slavik
Empirical Economics, vol. 54, 2018, p. 395-423.

'Whatever It Takes' to Resolve the European Sovereign Debt Crisis? Bond Pricing Regime Switches and Monetary Policy Effects
António Afonso, Michael G. Arghyrou, Maria Dolores Gadea
Journal of International Money and Finance, vol. 86, 2018, p. 1-30.

Current Account Balance Cyclicality
António Afonso, Jorge Silva
Applied Economics Letters, vol. 24, 2017, p. 911-917.

Determinants of Nonresident Government Debt Ownership
António Afonso, Jorge Silva
Applied Economics Letters, vol. 24, 2017, p. 107-112.

Euro Area Time-Varying Fiscal Sustainability
António Afonso, João Tovar Jalles
International Journal Of Finance And Economics, vol. 22, 2017, p. 244-254.

Fiscal Episodes and Market Power
António Afonso, João Tovar Jalles
Open Economies Review, vol. 28, 2017, p. 233-250.

Reconsidering Wagner's Law: Evidence from the Functions of the Government
António Afonso, José Alves
Applied Economics Letters, vol. 24, 2017, p. 346-350.

Sovereign Debt Composition and Time-Varying Public Finance Sustainability
António Afonso, João Tovar Jalles
North American Journal Of Economics And Finance, vol. 42, 2017, p. 144-155.

The Price Relevance of Fiscal Developments
António Afonso, João Tovar Jalles
International Economic Journal, vol. 31, 2017, p. 36-50.

Budgetary Decomposition and Yield Spreads
António Afonso, João Tovar Jalles
Applied Economics Letters, vol. 23, 2016, p. 1093-1098.

Economic Performance, Government Size, and Institutional Quality
António Afonso, João Tovar Jalles
Empirica, vol. 43, 2016, p. 83-109.

Markups' Cyclical Behaviour: The Role of Demand and Supply Shocks
António Afonso, João Tovar Jalles
Applied Economics Letters, vol. 23, 2016, p. 1-5.

Monetary Developments and Expansionary Fiscal Consolidations: Evidence from the EMU
António Afonso, Luis Martins
International Journal Of Finance And Economics, vol. 21, 2016, p. 247-265.

The Elusive Character of Fiscal Sustainability
António Afonso, João Tovar Jalles
Applied Economics, vol. 48, 2016, p. 2651-2664.

The Relevance of Commuting Zones for Regional Spending Efficiency
António Afonso, Ana Venâncio
Applied Economics, vol. 48, 2016, p. 865-877.

Economic Forecasts and Sovereign Yields
António Afonso, Ana Sofia Nunes
Economic Modelling, vol. 44, 2015, p. 319-326.

Fiscal Sustainability: A Panel Assessment for Advanced Economies
António Afonso, João Tovar Jalles
Applied Economics Letters, vol. 22, 2015, p. 925-929.

How Does Fiscal Policy Affect Investment? Evidence from a Large Panel
António Afonso, João Tovar Jalles
International Journal Of Finance And Economics, vol. 20, 2015, p. 310-327.

Multi-step Analysis of Public Finances Sustainability
António Afonso, Christophe Rault
Economic Modelling, vol. 48, 2015, p. 199-209.

On the Time-Varying Relationship between EMU Sovereign Spreads and Their Determinants
António Afonso, Michael G. Arghyrou, George Bagdatoglou, Alexandros Kontonikas
Economic Modelling, vol. 44, 2015, p. 363-371.

Short- and Long-Run Behaviour of Long-Term Sovereign Bond Yields
António Afonso, Christophe Rault
Applied Economics, vol. 47, 2015, p. 3971-3993.

The Relevance of Fiscal Rules for Fiscal and Sovereign Yield Developments
António Afonso, Ana Sofia Guimaraes
Applied Economics Letters, vol. 22, 2015, p. 920-924.

The Role of Government Debt in Economic Growth
António Afonso, José Alves
Hacienda Publica Espanola, vol. , 2015, p. 9-26.

A Longer-Run Perspective on Fiscal Sustainability
António Afonso, João Tovar Jalles
Empirica, vol. 41, 2014, p. 821-847.

Causality for the Government Budget and Economic Growth
António Afonso, João Tovar Jalles
Applied Economics Letters, vol. 21, 2014, p. 1198-1201.

Fiscal Composition and Long-Term Growth
António Afonso, João Tovar Jalles
Applied Economics, vol. 46, 2014, p. 349-358.

Interactions between Private and Public Sector Wages
António Afonso, Pedro Gomes
Journal Of Macroeconomics, vol. 39, 2014, p. 97-122.

Pricing Sovereign Bond Risk in the European Monetary Union Area: An Empirical Investigation
António Afonso, Michael G. Arghyrou, Alexandros Kontonikas
International Journal Of Finance And Economics, vol. 19, 2014, p. 49-56.

Budgetary and External Imbalances Relationship: A Panel Data Diagnostic
António Afonso, Christophe Rault, Christophe Estay
Journal Of Quantitative Economics, New Series, vol. 11, 2013, p. 84-110.

Do Fiscal Rules Matter for Growth?
António Afonso, João Tovar Jalles
Applied Economics Letters, vol. 20, 2013, p. 34-40.

Growth and Productivity: The Role of Government Debt
António Afonso, João Tovar Jalles
International Review Of Economics And Finance, vol. 25, 2013, p. 384-407.

Market power and fiscal policy in OECD countries.
António Afonso, Luis Filipe Costa
Applied Economics, vol. 45, 2013, p. 4545-4555.

Market Power and Fiscal Policy in OECD Countries
António Afonso, Luis Filipe Costa
Applied Economics, vol. 45, 2013, p. 4545-4555.

Public and private inputs in aggregate production and growth: a cross-country efficiency approach.
António Afonso, Miguel St Aubyn
Applied Economics, vol. 45, 2013, p. 4487-4502.

Public and Private Inputs in Aggregate Production and Growth: A Cross-Country Efficiency Approach
António Afonso, Miguel St Aubyn
Applied Economics, vol. 45, 2013, p. 4487-4502.

The Cyclicality of Education, Health, and Social Security Government Spending
António Afonso, João Tovar Jalles
Applied Economics Letters, vol. 20, 2013, p. 669-672.

Fiscal Volatility, Financial Crises and Growth
António Afonso, João Tovar Jalles
Applied Economics Letters, vol. 19, 2012, p. 1821-1826.

Level, Slope, Curvature of the Sovereign Yield Curve, and Fiscal Behaviour
António Afonso, Manuel M. F. Martins
Journal of Banking and Finance, vol. 36, 2012, p. 1789-1807.

Measuring the Success of Fiscal Consolidations
António Afonso, João Tovar Jalles
Applied Financial Economics, vol. 22, 2012, p. 1053-1061.

Sovereign Credit Ratings and Financial Markets Linkages: Application to European Data
Pedro Gomes, António Afonso, Davide Furceri
Journal of International Money and Finance, vol. 31, 2012, p. 606-638.

The macroeconomic effects of fiscal policy.
António Afonso, Ricardo Sousa
Applied Economics, vol. 44, 2012, p. 4439-4454.

The Macroeconomic Effects of Fiscal Policy
António Afonso, Ricardo Sousa
Applied Economics, vol. 44, 2012, p. 4439-4454.

Assessing Health Efficiency across Countries with a Two-Step and Bootstrap Analysis
António Afonso, Miguel St Aubyn
Applied Economics Letters, vol. 18, 2011, p. 1427-1430.

Assessing Long-Term Fiscal Developments: A New Approach
António Afonso, Luca Agnello, Davide Furceri, Ricardo Sousa
Journal of International Money and Finance, vol. 30, 2011, p. 130-146.

Assessing Long-Term Fiscal Developments: Evidence from Portugal
António Afonso, Ricardo Sousa
Applied Economics Letters, vol. 18, 2011, p. 1-5.

Consumption, Wealth, Stock and Government Bond Returns: International Evidence
António Afonso, Ricardo Sousa
Manchester School, vol. 79, 2011, p. 1294-1322.

Do Fiscal Imbalances Deteriorate Sovereign Debt Ratings?
Pedro Gomes, António Afonso
Revue Economique, vol. 62, 2011, p. 1123-1134.

Economic Growth and Budgetary Components: A Panel Assessment for the EU
António Afonso, Juan Gonzalez Alegre
Empirical Economics, vol. 41, 2011, p. 703-723.

Fiscal Regime Shifts in Portugal
António Afonso, Peter Claeys, Ricardo Sousa
Portuguese Economic Journal, vol. 10, 2011, p. 83-108.

Short- and Long-Run Determinants of Sovereign Debt Credit Ratings
António Afonso, Pedro Gomes, Philipp Rother
International Journal Of Finance And Economics, vol. 16, 2011, p. 1-15.

The Macroeconomic Effects of Fiscal Policy in Portugal: A Bayesian SVAR Analysis
António Afonso, Ricardo Sousa
Portuguese Economic Journal, vol. 10, 2011, p. 61-82.

What Are the Effects of Fiscal Policy on Asset Markets?
António Afonso, Ricardo Sousa
Economic Modelling, vol. 28, 2011, p. 1871-1890.

Expansionary Fiscal Consolidations in Europe: New Evidence
António Afonso
Applied Economics Letters, vol. 17, 2010, p. 105-109.

Fiscal Policy Responsiveness, Persistence, and Discretion
António Afonso, Luca Agnello, Davide Furceri
Public Choice, vol. 145, 2010, p. 503-530.

Government Size, Composition, Volatility and Economic Growth
António Afonso, Davide Furceri
European Journal of Political Economy, vol. 26, 2010, p. 517-532.

Income distribution determinants and public spending efficiency
António Afonso, Ludger Schuknecht, Vito Tanzi
Journal Of Economic Inequality, vol. 8, 2010, p. 367-389.

Long-Term Government Bond Yields and Economic Forecasts: Evidence for the EU
António Afonso
Applied Economics Letters, vol. 17, 2010, p. 1437-1441.

Public and Private Investment Rates of Return: Evidence for Industrialized Countries
António Afonso, Miguel St Aubyn
Applied Economics Letters, vol. 17, 2010, p. 839-843.

Public Sector Efficiency: Evidence for New EU Member States and Emerging Markets
António Afonso, Ludger Schuknecht, Vito Tanzi
Applied Economics, vol. 42, 2010, p. 2147-2164.

What Do We Really Know about Fiscal Sustainability in the EU? A Panel Data Diagnostic
António Afonso, Christophe Rault
Weltwirtschaftliches Archiv/Review Of World Economics, vol. 145, 2010, p. 731-755.

Macroeconomic Rates of Return of Public and Private Investment: Crowding-In and Crowding-Out Effects
António Afonso, Miguel St Aubyn
Manchester School, vol. 77, 2009, p. 21-39.

Ordered Response Models for Sovereign Debt Ratings
António Afonso, Pedro Gomes, Philipp Rother
Applied Economics Letters, vol. 16, 2009, p. 769-773.

Assessing and Explaining the Relative Efficiency of Local Government
António Afonso, Sónia Fernandes
Journal Of Socio Economics, vol. 37, 2008, p. 1946-1979.

EMU Enlargement, Stabilization Costs and Insurance Mechanisms
António Afonso, Davide Furceri
Journal of International Money and Finance, vol. 27, 2008, p. 169-187.

Euler Testing Ricardo and Barro in the EU
António Afonso
Economics Bulletin, vol. 5, 2008, p. 1-14.

Ricardian Fiscal Regimes in the European Union
António Afonso
Empirica, vol. 35, 2008, p. 313-334.

The Dynamic Behaviour of Budget Components and Output
António Afonso, Peter Claeys
Economic Modelling, vol. 25, 2008, p. 93-117.

Dupuit, Pigou and Cost of Inefficiency in Public Services Provision
António Afonso, Vitor Gaspar
Public Choice, vol. 132, 2007, p. 1048-1064.

Fiscal Policy Events and Interest Rate Swap Spreads: Evidence from the EU
António Afonso, Rolf Strauch
Journal Of International Financial Markets, Institutions And Money, vol. 17, 2007, p. 261-276.

Should We Care for Structural Breaks When Assessing Fiscal Sustainability?
Christophe Rault, António Afonso
Economics Bulletin, vol. 3, 2007, p. 1-9.

Cross-Country Efficiency of Secondary Education Provision: A Semi-parametric Analysis with Non-discretionary Inputs
António Afonso, Miguel St Aubyn
Economic Modelling, vol. 23, 2006, p. 476-491.

Fiscal Consolidations in the Central and Eastern European Countries
António Afonso, Christiane Nickel, Philipp Rother
Weltwirtschaftliches Archiv/Review Of World Economics, vol. 142, 2006, p. 402-421.

Measuring Local Government Spending Efficiency: Evidence for the Lisbon Region
António Afonso, Sónia Fernandes
Regional Studies, vol. 40, 2006, p. 39-53.

Fiscal Sustainability: The Unpleasant European Case
António Afonso
Finanzarchiv, vol. 61, 2005, p. 19-44.

Non-parametric Approaches to Education and Health Efficiency in OECD Countries
António Afonso, Miguel St Aubyn
Journal Of Applied Economics, vol. 8, 2005, p. 227-246.

Public Sector Efficiency: An International Comparison
António Afonso, Ludger Schuknecht, Vito Tanzi
Public Choice, vol. 123, 2005, p. 321-347.

Understanding the Determinants of Sovereign Debt Ratings: Evidence for the Two Leading Agencies
António Afonso
Journal Of Economics And Finance, vol. 27, 2003, p. 56-74.

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