Fiscal and Current Account Imbalances: The Cases of Germany and Portugal
António Afonso, Jose Carlos Coelho
World Economy, vol. 47, 2024, p. 145-168.

Government Spending Efficiency in Latin America
António Afonso, Gabriela Baquero Fraga
Empirica, vol. 51, 2024, p. 127-160.

Is Public Investment in Construction and in R&D, Growth Enhancing? A PVAR Approach
António Afonso
Applied Economics, vol. 56, 2024, p. 2875-2899.

Are Fiscal Consolidation Episodes Helpful for Public Sector Efficiency?
António Afonso, José Alves
Applied Economics, vol. 55, 2023, p. 3547-3560.

Twin Deficits through the Looking Glass: Time-Varying Analysis in the Euro Area
António Afonso, Jose Carlos Coelho
Economic Change And Restructuring, vol. 56, 2023, p. 2087-2110.

Corruption and Economic Growth: Does the Size of the Government Matter?
António Afonso, Eduardo de Sa Fortes Leitao Rodrigues
Economic Change And Restructuring, vol. 55, 2022, p. 543-576.

Does the Introduction of Stock Exchange Markets Boost Economic Growth in African Countries?
António Afonso, Max Reimers
Journal Of Comparative Economics, vol. 50, 2022, p. 627-640.

Do Financial Markets Reward Government Spending Efficiency?
António Afonso, Joao Tovar Jalles, Ana Venâncio
Journal Of International Financial Markets, Institutions And Money, vol. 77, 2022, p. .

Fiscal Episodes in the Economic and Monetary Union: Elasticities and Non-Keynesian Effects
António Afonso, Frederico Silva Leal
International Journal Of Finance And Economics, vol. 27, 2022, p. 571-593.

Sovereign Bond Yield Spreads Spillovers in the Economic and Monetary Union
António Afonso, Mina Kazemi
International Journal Of Finance And Economics, vol. 27, 2022, p. 2615-2626.

The (Non-)Keynesian Effects of Fiscal Austerity: New Evidence from a Large Sample
António Afonso, José Alves, Joao Tovar Jalles
Economic Systems, vol. 46, 2022, p. .

The Role of Fiscal Policies for External Imbalances: Evidence from the European Union
António Afonso, Jose Carlos Coelho
Economic Systems, vol. 46, 2022, p. .

Time-Varying Cyclicality of Fiscal Policy: The Case of the Euro Area
António Afonso, Francisco Tiago Carvalho
North American Journal Of Economics And Finance, vol. 62, 2022, p. .

Twin Deficits Revisited: A Role for Fiscal Institutions?
António Afonso, Florence Huart, Joao Tovar Jalles, Piotr Stanek
Journal of International Money and Finance, vol. 121, 2022, p. .

Government Size, Unemployment and Inflation Nexus in Eight Large Emerging Market Economies
António Afonso, HÜSEYİN ŞEN, AYŞE KAYA
Hacienda Publica Espanola, vol. 236, 2021, p. 133-170.

Labour Productivity in State-Owned Enterprises
António Afonso, Maria João Coelho Guedes, Pankaj C. Patel
Comparative Economic Studies, vol. 63, 2021, p. 450-465.

Structural Tax Reforms and Public Spending Efficiency
António Afonso, Joao Tovar Jalles, Ana Venâncio
Open Economies Review, vol. 32, 2021, p. 1017-1061.

Taxation and Public Spending Efficiency: An International Comparison
António Afonso, Joao Tovar Jalles, Ana Venâncio
Comparative Economic Studies, vol. 63, 2021, p. 356-383.

A Note on Inflation Dynamics, Price Volatility, and Fiscal Activism
António Afonso, Joao Tovar Jalles
Macroeconomic Dynamics, vol. 24, 2020, p. 1299-1313.

Economic Volatility and Sovereign Yields' Determinants: A Time-Varying Approach
António Afonso, Joao Tovar Jalles
Empirical Economics, vol. 58, 2020, p. 427-451.

Long-Run Relationship between Exports and Imports: Current Account Sustainability Tests for the EU
António Afonso, Florence Huart, Joao Tovar Jalles, Piotr Stanek
Portuguese Economic Journal, vol. 19, 2020, p. 155-170.

Sovereign Indebtedness and Financial and Fiscal Conditions
António Afonso, Joao Tovar Jalles
Applied Economics Letters, vol. 27, 2020, p. 1611-1616.

Stock Flow Adjustments in Sovereign Debt Dynamics: The Role of Fiscal Frameworks
António Afonso, Joao Tovar Jalles
International Review Of Economics And Finance, vol. 65, 2020, p. 1-16.

The Effects of Macroeconomic, Fiscal and Monetary Policy Announcements on Sovereign Bond Spreads
António Afonso, Joao Tovar Jalles, Mina Kazemi
International Review of Law and Economics, vol. 63, 2020, p. .

The Macroeconomic Effects of Public Debt: An Empirical Analysis of Mozambique
António Afonso, Yasfir Ibraimo
Applied Economics, vol. 52, 2020, p. 212-226.

The Policy Mix in the US and EMU: Evidence from a SVAR Analysis
António Afonso, Luis Goncalves
North American Journal Of Economics And Finance, vol. 51, 2020, p. .

The Transmission of Unconventional Monetary Policy to Bank Credit Supply: Evidence from the TLTRO
António Afonso, Joana Sousa-Leite
Manchester School, vol. 88, 2020, p. 151-171.

Assessing the sustainability of external imbalances in the European Union.
António Afonso, Florence Huart, Joao Tovar Jalles, Piotr Stanek
World Economy, vol. 42, 2019, p. 320-348.

Decomposing and Analysing the Determinants of Current Accounts' Cyclicality: Evidence from the Euro Area
António Afonso, Joao 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.

Fiscal Multipliers in the Eurozone: An SVAR Analysis
António Afonso, Frederico Silva Leal
Applied Economics, vol. 51, 2019, p. 5577-5593.

Fiscal Reaction Functions across the World: In Quest of Statistical (In)significance
António Afonso, Joao Tovar Jalles
Finanzarchiv, vol. 75, 2019, p. 207-228.

Fiscal Rules and Government Financing Costs
António Afonso, Joao Tovar Jalles
Fiscal Studies, vol. 40, 2019, p. 71-90.

Interactions between monetary and fiscal policies.
António Afonso, José Alves, Raquel Balhote
Journal Of Applied Economics, vol. 22, 2019, p. 132-151.

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

Tax Structure for Consumption and Income Inequality: An Empirical Assessment
José Alves, António Afonso
Investigaciones Economicas, vol. 10, 2019, p. 337-364.

The Fiscal Consequences of Deflation: Evidence from the Golden Age of Globalization
António Afonso, Joao Tovar Jalles
Quarterly Review Of Economics And Finance, vol. 74, 2019, p. 129-147.

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, Joao Tovar Jalles
International Journal Of Finance And Economics, vol. 22, 2017, p. 244-254.

Fiscal Episodes and Market Power
António Afonso, Joao 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, Joao Tovar Jalles
North American Journal Of Economics And Finance, vol. 42, 2017, p. 144-155.

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

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

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

Markups' Cyclical Behaviour: The Role of Demand and Supply Shocks
António Afonso, Joao 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, Joao 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, Joao Tovar Jalles
Applied Economics Letters, vol. 22, 2015, p. 925-929.

How Does Fiscal Policy Affect Investment? Evidence from a Large Panel
António Afonso, Joao 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, Joao Tovar Jalles
Empirica, vol. 41, 2014, p. 821-847.

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

Fiscal Composition and Long-Term Growth
António Afonso, Joao 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, Joao Tovar Jalles
Applied Economics Letters, vol. 20, 2013, p. 34-40.

Growth and Productivity: The Role of Government Debt
António Afonso, Joao 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.

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, Joao Tovar Jalles
Applied Economics Letters, vol. 20, 2013, p. 669-672.

Fiscal Volatility, Financial Crises and Growth
António Afonso, Joao 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, Joao 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.

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.