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António Afonso. Concluiu o(a) Doutoramento em Economia em 2002 pelo(a) Universidade de Lisboa Instituto Superior de Economia e Gestão, Mestrado em Economia em 1993 pelo(a) Universidade de Lisboa Instituto Superior de Economia e Gestão e Licenciatura em Economia em 1989 pelo(a) Universidade de Lisboa Instituto Superior de Economia e Gestão. É Professor Catedrático no(a) Universidade de Lisboa Instituto Superior de Economia e Gestão, Conselho científico/técnico-científico ou orgão correspondente no(a) Universidade de Lisboa Instituto Superior de Economia e Gestão e Coordenação ou direção de centro de investigação, departamento ou equivalente no(a) Universidade de Lisboa Instituto Superior de Economia e Gestão. Publicou 115 artigos em revistas especializadas. Possui 2 capítulo(s) de livros e 18 livro(s). Recebeu 2 prémio(s) e/ou homenagens. Participa e/ou participou como Investigador responsável em 1 projeto(s). Atua na(s) área(s) de Ciências Sociais com ênfase em Economia e Gestão com ênfase em Economia.
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Identification

Personal identification

Full name
António Afonso
Gender
Male

Citation names

  • Afonso, António

Author identifiers

Ciência ID
0C1F-DA6C-4B02
ORCID iD
0000-0002-6926-2653
Google Scholar ID
FlcHP7AAAAAJ
Researcher Id
B-5954-2009
Scopus Author Id
8698711200

Email addresses

  • aafonso@iseg.ulisboa.pt (Professional)

Telephones

Telephone
  • 213925985 (Professional)

Addresses

  • Rua Miguel Lupi, 20, 1249-078, Lisbon, Lisbon, Portugal (Professional)

Websites

  • https://www.linkedin.com/in/antónio-m-afonso/ (Social media)
  • https://www.researchgate.net/profile/Antonio_Afonso (Scholar)
  • http://orcid.org/0000-0002-6926-2653 (Scholar)
  • https://scholar.google.co.uk/citations?user=FlcHP7AAAAAJ (Scholar)
  • https://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=301685 (Scholar)
  • https://econpapers.repec.org/RAS/paf1.htm (Scholar)
  • https://ideas.repec.org/e/paf1.html (Scholar)
  • http://www.researcherid.com/rid/B-5954-2009 (Scholar)
  • https://publons.com/researcher/1647921/antonio-afonso/ (Scholar)
  • https://antonioafonso9.academia.edu/ (Scholar)
  • https://www.semanticscholar.org/author/Ant%C3%B3nio-Afonso/144779987 (Scholar)
  • https://www.iseg.ulisboa.pt/aquila/homepage/aafonso (Professional)

Knowledge fields

  • Social Sciences - Economics and Business - Economics

Languages

Language Speaking Reading Writing Listening Peer-review
Portuguese (Mother tongue)
English Proficiency (C2) Proficiency (C2) Proficiency (C2) Proficiency (C2) Proficiency (C2)
French Advanced (C1) Advanced (C1) Upper intermediate (B2) Proficiency (C2) Advanced (C1)
Spanish; Castilian Upper intermediate (B2) Advanced (C1) Beginner (A1) Advanced (C1) Advanced (C1)
Italian Elementary (A2) Advanced (C1) Beginner (A1) Upper intermediate (B2)
German Beginner (A1) Elementary (A2) Elementary (A2)
Education
Degree Classification
2002
Concluded
 Economia (Doutoramento)
Major in Sem especialidade
Universidade de Lisboa Instituto Superior de Economia e Gestão, Portugal
"Ensaios Sobre Política Orçamental" (THESIS/DISSERTATION)
1993
Concluded
 Economia (Mestrado)
Major in Economia
Universidade de Lisboa Instituto Superior de Economia e Gestão, Portugal
1989
Concluded
 Economia (Licenciatura)
Major in Economia
Universidade de Lisboa Instituto Superior de Economia e Gestão, Portugal
Affiliation

Teaching in Higher Education

2011/09/01 - Current Full Professor (University Teacher)
Universidade de Lisboa Instituto Superior de Economia e Gestão, Portugal

Positions / Appointments

2014 - Current Conselho científico/técnico-científico ou orgão correspondente
Universidade de Lisboa Instituto Superior de Economia e Gestão, Portugal
2011 - Current Coordenação ou direção de centro de investigação, departamento ou equivalente
Universidade de Lisboa Instituto Superior de Economia e Gestão, Portugal

Others

2002 - 2014 Senior, Principal Economist
European Central Bank, Germany
Projects

Contract

Designation Funders
2016 - 2018 Yields, financial, macro and fiscal interactions
PTDC/IIM-ECO/5389/2014
Principal investigator
UECE - Research Unit on Complexity and Economics, Portugal
 Fundação para a Ciência e a Tecnologia
Outputs

Publications

Book
  1. Axel A. Weber; Harald W. Stieber; Stavros Vourloumis; Anto´nio Afonso; Joa~o Tovar Jalles; Franco Bruni; Andre´ van Poeck; et al. 2013. States, Banks, and the Financing of the Economy: Fiscal Policy and Sovereign Risk Perspectives.
  2. Anto´nio Afonso; Christophe Rault; Afonso, António; Rault, Christophe. 2010. Long-run determinants of sovereign yields. Germany. http://hdl.handle.net/10400.5/2835.
    Afonso, António e Christophe Rault. 2010. "Long-run Determinants of Sovereign Yields". Instituto Superior de Economia e Gestão - DE Working papers 15-2010/DE/UECE
  3. Anto´nio Afonso; Christophe Rault. 2009. Spend-and-tax: a panel data investigation for the EU. Germany.
  4. Anto´nio Afonso; Christophe Rault. 2009. Bootstrap panel granger-causality between government budget and external deficits for the EU. Germany.
  5. Anto´nio Afonso; Christophe Rault. 2009. Budgetary and external imbalances relationship. Germany.
  6. Anto´nio Afonso; Ludger Schuknecht; Vito Tanzi. 2008. Income distribution determinants and public spending efficiency. Germany.
  7. Anto´nio Afonso; Luca Agnello; Davide Furceri. 2008. Fiscal policy responsiveness, persistence and discretion. Germany.
  8. Anto´nio Afonso; Davide Furceri. 2008. Government size, composition, volatility and economic growth. Germany.
  9. Anto´nio Afonso; Juan Gonza´lez Alegre. 2008. Economic growth and budgetary components. Germany.
  10. Anto´nio Afonso; Christophe Rault. 2008. 3-step analysis of public finances sustainability. Germany.
  11. Anto´nio Afonso; Miguel St. Aubyn. 2008. Macroeconomic rates of return of public and private investment. Germany.
  12. Anto´nio Afonso; Peter Claeys. 2007. The dynamic behaviour of budget components and output. Germany.
  13. Anto´nio Afonso; Christophe Rault. 2007. What do we really know about fiscal sustainability in the EU?. Germany.
  14. Anto´nio Afonso; Davide Furceri. 2007. Business cycle synchronization and insurance mechanisms in the EU. Germany.
  15. Anto´nio Afonso. 2006. Expansionary fiscal consolidations in Europe.
  16. Anto´nio Afonso. 2005. Quality of public finances and growth.
  17. Anto´nio Afonso; Miguel St. Aubyn. 2005. Cross-country efficiency of secondary education provision.
  18. Anto´nio Afonso; Ludger Schuknecht; Vito Tanzi. 2003. Public sector efficiency.
Book chapter
  1. Afonso, António; Gomes, Pedro; Rother, Phlipp. 2008. "What “Hides” Behind Sovereign Debt Ratings?". In New developments in financial modelling, 314-343. Cambridge Scholars Publishing. http://dx.doi.org/10.5848/csp.1155.00013.
    10.5848/csp.1155.00013
  2. Afonso, António. 2002. "Finanças públicas e consolidações orçamentais: o caso de Portugal".
Conference paper
  1. AFONSO, A; FURCERI, D. 2008. "EMU enlargement, stabilization costs and insurance mechanisms". 169-187.
    10.1016/j.jimonfin.2007.12.010
  2. Afonso, António; Rault, Christophe. 2008. "What do we really know about fiscal sustainability in the EU? A panel data diagnostic". Portugal: Global Economic Modeling Network.
  3. Afonso, António. 2004. "Fiscal Sustainability: the Unpleasant European Case". Portugal: Money, Macro and Finance Research Group.
Journal article
  1. Afonso, A.; Jalles, J.T.. 2020. "Stock flow adjustments in sovereign debt dynamics: The role of fiscal frameworks". International Review of Economics and Finance 65: 1-16. http://www.scopus.com/inward/record.url?eid=2-s2.0-85072634930&partnerID=MN8TOARS.
    10.1016/j.iref.2019.09.007
  2. António Afonso; João Tovar Jalles. 2019. "Sovereign indebtedness and financial and fiscal conditions". Applied Economics Letters. https://doi.org/10.1080/13504851.2019.1707758.
    10.1080/13504851.2019.1707758
  3. António Afonso; Ana Venâncio. 2019. "Local territorial reform and regional spending efficiency". Local Government Studies. https://doi.org/10.1080/03003930.2019.1690995.
    10.1080/03003930.2019.1690995
  4. José Alves; António Afonso. 2019. "Tax structure for consumption and income inequality: an empirical assessment". SERIEs. https://doi.org/10.1007/s13209-019-00202-3.
    10.1007/s13209-019-00202-3
  5. António Afonso; Yasfir Ibraimo. 2019. "The macroeconomic effects of public debt: an empirical analysis of Mozambique". Applied Economics. https://doi.org/10.1080/00036846.2019.1644445.
    10.1080/00036846.2019.1644445
  6. António Afonso; José Alves; Raquel Balhote. 2019. "Interactions between monetary and fiscal policies". Journal of Applied Economics. https://doi.org/10.1080/15140326.2019.1583309.
    10.1080/15140326.2019.1583309
  7. Afonso, A.; Jalles, J.T.. 2019. "Fiscal Rules and Government Financing Costs". Fiscal Studies. http://www.scopus.com/inward/record.url?eid=2-s2.0-85061325873&partnerID=MN8TOARS.
    10.1111/1475-5890.12182
  8. Afonso, A.; Jalles, J.T.. 2019. "A Note on Inflation Dynamics, Price Volatility, and Fiscal Activism". Macroeconomic Dynamics. http://www.scopus.com/inward/record.url?eid=2-s2.0-85062022216&partnerID=MN8TOARS.
    10.1017/S1365100518000688
  9. Afonso, A.; Jalles, J.T.. 2019. "The Fiscal consequences of deflation: Evidence from the Golden Age of Globalization". Quarterly Review of Economics and Finance. http://www.scopus.com/inward/record.url?eid=2-s2.0-85064498775&partnerID=MN8TOARS.
    10.1016/j.qref.2019.01.016
  10. Afonso, A.; Leal, F.S.. 2019. "Fiscal multipliers in the Eurozone: an SVAR analysis". Applied Economics. http://www.scopus.com/inward/record.url?eid=2-s2.0-85065844183&partnerID=MN8TOARS.
    10.1080/00036846.2019.1616068
  11. Afonso, A.; Silva, J.. 2019. "Effects of euro area monetary policy on institutional sectors: The case of Portugal". Cuadernos de Economia 42 (120): 219-236. http://www.scopus.com/inward/record.url?eid=2-s2.0-85066313779&partnerID=MN8TOARS.
    10.32826/cude.v42i120.81
  12. Afonso, A.; Jalles, J.T.. 2019. "Fiscal reaction functions across the world: In quest of statistical (in)significance". FinanzArchiv 75 (3): 207-228. http://www.scopus.com/inward/record.url?eid=2-s2.0-85075334109&partnerID=MN8TOARS.
    10.1628/fa-2018-0023
  13. Afonso, A.; Huart, F.; Jalles, J.T.; Stanek, P.. 2019. "Long-run relationship between exports and imports: current account sustainability tests for the EU". Portuguese Economic Journal. http://www.scopus.com/inward/record.url?eid=2-s2.0-85077031601&partnerID=MN8TOARS.
    10.1007/s10258-019-00168-x
  14. António Afonso; João Tovar Jalles. 2018. "Quantitative Easing and Sovereign Yield Spreads: Euro-Area Time-Varying Evidence". Journal of International Financial Markets, Institutions and Money. https://doi.org/10.1016/j.intfin.2018.10.003.
    10.1016/j.intfin.2018.10.003
  15. António Afonso; Miguel St. Aubyn. 2018. "Economic growth, public, and private investment returns in 17 OECD economies". Portuguese Economic Journal. https://doi.org/10.1007/s10258-018-0143-7.
    10.1007/s10258-018-0143-7
  16. Afonso, A.; Jalles, J.T.. 2018. "Decomposing and Analysing the Determinants of Current Accounts’ Cyclicality: Evidence from the Euro Area". Open Economies Review: 1-24. http://www.scopus.com/inward/record.url?eid=2-s2.0-85049149273&partnerID=MN8TOARS.
    10.1007/s11079-018-9503-2
  17. Afonso, Antonio; Silva, Jorge. 2018. "Debt crisis and 10-year sovereign yields in Ireland and in Portugal". Applied Economics Letters 25 (4): 217-222. http://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcAuth=ORCID&SrcApp=OrcidOrg&DestLinkType=FullRecord&DestApp=WOS_CPL&KeyUT=WOS:000429626200001&KeyUID=WOS:000429626200001.
    10.1080/13504851.2017.1310991
  18. Afonso, Antonio; Arghyrou, Michael G.; Dolores Gadea, Maria; Kontonikas, Alexandros. 2018. ""Whatever it takes" to resolve the European sovereign debt crisis? Bond pricing regime switches and monetary policy effects". Journal of International Money and Finance 86: 1-30. http://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcAuth=ORCID&SrcApp=OrcidOrg&DestLinkType=FullRecord&DestApp=WOS_CPL&KeyUT=WOS:000434095400001&KeyUID=WOS:000434095400001.
    10.1016/j.jimonfin.2018.04.005
  19. Afonso, Antonio; Baxa, Jaromir; Slavik, Michal. 2018. "Fiscal developments and financial stress: a threshold VAR analysis". Empirical Economics 54 (2): 395-423. http://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcAuth=ORCID&SrcApp=OrcidOrg&DestLinkType=FullRecord&DestApp=WOS_CPL&KeyUT=WOS:000425952000004&KeyUID=WOS:000425952000004.
    10.1007/s00181-016-1210-5
  20. Afonso, Antonio; Kazemi, Mina; Afonso, A.; Kazemi, M.. 2018. "Euro Area Sovereign Yields and the Power of Unconventional Monetary Policy". Finance a Uver-Czech Journal of Economics and Finance 68 (2): 100-119. http://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcAuth=ORCID&SrcApp=OrcidOrg&DestLinkType=FullRecord&DestApp=WOS_CPL&KeyUT=WOS:000432560200001&KeyUID=WOS:000432560200001.
  21. Afonso, A.; Jalles, J.T.. 2018. "Economic volatility and sovereign yields? determinants: a time-varying approach". Empirical Economics. http://www.scopus.com/inward/record.url?eid=2-s2.0-85051527988&partnerID=MN8TOARS.
    10.1007/s00181-018-1540-6
  22. Afonso, António; Afonso, A.; Gonçalves, L.. 2018. "The policy mix in the US and EMU: Evidence from a SVAR analysis". North American Journal of Economics and Finance. http://www.scopus.com/inward/record.url?eid=2-s2.0-85052947660&partnerID=MN8TOARS.
    10.1016/j.najef.2018.08.023
  23. Afonso, A.; Huart, F.; Jalles, J.T.; Stanek, P.. 2018. "Assessing the sustainability of external imbalances in the European Union". World Economy. http://www.scopus.com/inward/record.url?eid=2-s2.0-85052804624&partnerID=MN8TOARS.
    10.1111/twec.12709
  24. Afonso, A.; Alves, J.. 2018. "Short and long-term interest rate risk: The sovereign balance-sheet nexus". Finance Research Letters. http://www.scopus.com/inward/record.url?eid=2-s2.0-85057397226&partnerID=MN8TOARS.
    10.1016/j.frl.2018.11.014
  25. António Afonso; João Tovar Jalles. 2017. "Euro area time-varying fiscal sustainability". International Journal of Finance & Economics 22 (3): 244-254. https://doi.org/10.1002/ijfe.1582.
    10.1002/ijfe.1582
  26. Afonso, A.; Tovar Jalles, J.. 2017. "Sovereign Debt Composition and Time-Varying Public Finance Sustainability". North American Journal of Economics and Finance 42: 144-155. http://www.scopus.com/inward/record.url?eid=2-s2.0-85030472758&partnerID=MN8TOARS.
    10.1016/j.najef.2017.07.008
  27. Afonso, A.; Silva, J.. 2017. "Current account balance cyclicality". Applied Economics Letters 24 (13): 911-917. http://www.scopus.com/inward/record.url?eid=2-s2.0-84990877438&partnerID=MN8TOARS.
    10.1080/13504851.2016.1240333
  28. Afonso, A.; Jalles, J.T.. 2017. "Fiscal Episodes and Market Power". Open Economies Review 28 (2): 233-250. http://www.scopus.com/inward/record.url?eid=2-s2.0-84991058617&partnerID=MN8TOARS.
    10.1007/s11079-016-9419-7
  29. Afonso, Antonio; Silva, Jorge; Afonso, A.; Silva, J.. 2017. "Determinants of nonresident government debt ownership". Applied Economics Letters 24 (2): 107-112. http://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcAuth=ORCID&SrcApp=OrcidOrg&DestLinkType=FullRecord&DestApp=CCC&KeyUT=CCC:000387294700009&KeyUID=CCC:000387294700009.
    10.1080/13504851.2016.1167818
  30. Afonso, Antonio; Alves, Jose. 2017. "Reconsidering Wagner's law: evidence from the functions of the government". Applied Economics Letters 24 (5): 346-350. http://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcAuth=ORCID&SrcApp=OrcidOrg&DestLinkType=FullRecord&DestApp=WOS_CPL&KeyUT=WOS:000390393700013&KeyUID=WOS:000390393700013.
    10.1080/13504851.2016.1192267
  31. Afonso, Antonio; Jalles, Joao Tovar; Afonso, A.; Jalles, J.T.. 2017. "The Price Relevance of Fiscal Developments". International Economic Journal 31 (1): 36-50. http://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcAuth=ORCID&SrcApp=OrcidOrg&DestLinkType=FullRecord&DestApp=KJD&KeyUT=KJD:ART002209985&KeyUID=KJD:ART002209985.
    10.1080/10168737.2016.1227348
  32. Afonso, Antonio; Jalles, Joao Tovar. 2016. "Budgetary decomposition and yield spreads". Applied Economics Letters 23 (15): 1093-1098. http://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcAuth=ORCID&SrcApp=OrcidOrg&DestLinkType=FullRecord&DestApp=WOS_CPL&KeyUT=WOS:000382546900011&KeyUID=WOS:000382546900011.
    10.1080/13504851.2015.1136390
  33. Afonso, Antonio; Jalles, Joao Tovar; Afonso, A.; Jalles, J.T.. 2016. "Economic performance, government size, and institutional quality". Empirica 43 (1): 83-109. http://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcAuth=ORCID&SrcApp=OrcidOrg&DestLinkType=FullRecord&DestApp=CCC&KeyUT=CCC:000368998600004&KeyUID=CCC:000368998600004.
    10.1007/s10663-015-9294-2
  34. Afonso, Antonio; Jalles, Joao Tovar. 2016. "Markups' cyclical behaviour: the role of demand and supply shocks". Applied Economics Letters 23 (1): 1-5. http://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcAuth=ORCID&SrcApp=OrcidOrg&DestLinkType=FullRecord&DestApp=WOS_CPL&KeyUT=WOS:000362699400001&KeyUID=WOS:000362699400001.
    10.1080/13504851.2015.1044640
  35. Afonso, Antonio; Venancio, Ana. 2016. "The relevance of commuting zones for regional spending efficiency". Applied Economics 48 (10): 865-877. http://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcAuth=ORCID&SrcApp=OrcidOrg&DestLinkType=FullRecord&DestApp=WOS_CPL&KeyUT=WOS:000365899900003&KeyUID=WOS:000365899900003.
    10.1080/00036846.2015.1088145
  36. Afonso, A.; Martins, L.. 2016. "Monetary Developments and Expansionary Fiscal Consolidations: Evidence from the EMU". International Journal of Finance and Economics 21 (3): 247-265. http://www.scopus.com/inward/record.url?eid=2-s2.0-84952001139&partnerID=MN8TOARS.
    10.1002/ijfe.1544
  37. Afonso, A.; Jalles, J.T.. 2016. "The elusive character of fiscal sustainability". Applied Economics 48 (28): 2651-2664. http://www.scopus.com/inward/record.url?eid=2-s2.0-84953259520&partnerID=MN8TOARS.
    10.1080/00036846.2015.1128074
  38. Ramzi, S.; Afonso, A.; Ayadi, M.. 2016. "Assessment of efficiency in basic and secondary education in Tunisia: A regional analysis". International Journal of Educational Development 51: 62-76. http://www.scopus.com/inward/record.url?eid=2-s2.0-84984704883&partnerID=MN8TOARS.
    10.1016/j.ijedudev.2016.08.003
  39. Afonso, A.; Arghyrou, M.; Dufrénot, G.. 2015. "Economics and financial adjustments in Europe". Economic Modelling 44: 317-318. http://www.scopus.com/inward/record.url?eid=2-s2.0-84914165917&partnerID=MN8TOARS.
    10.1016/S0264-9993(14)00442-8
  40. Afonso, A.; Arghyrou, M.G.; Bagdatoglou, G.; Kontonikas, A.. 2015. "On the time-varying relationship between EMU sovereign spreads and their determinants". Economic Modelling 44: 363-371. http://www.scopus.com/inward/record.url?eid=2-s2.0-84914115051&partnerID=MN8TOARS.
    10.1016/j.econmod.2014.07.025
  41. Afonso, Antonio; Alves, Jose. 2015. "The Role of Government Debt in Economic Growth". Hacienda Publica Espanola-Review of Public Economics (215): 9-26. http://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcAuth=ORCID&SrcApp=OrcidOrg&DestLinkType=FullRecord&DestApp=WOS_CPL&KeyUT=WOS:000376124000001&KeyUID=WOS:000376124000001.
    10.7866/HPE-RPE.15.4.1
  42. Afonso, Antonio; Silva, Jorge; Afonso, A.. 2015. "The track record of fiscal forecasting in the EU". Economics Bulletin 35 (2): 1318-1329. http://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcAuth=ORCID&SrcApp=OrcidOrg&DestLinkType=FullRecord&DestApp=WOS_CPL&KeyUT=WOS:000360197700047&KeyUID=WOS:000360197700047.
  43. Afonso, Antonio; Jalles, Joao Tovar. 2015. "How Does Fiscal Policy Affect Investment? Evidence from a Large Panel". International Journal of Finance & Economics 20 (4): 310-327. http://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcAuth=ORCID&SrcApp=OrcidOrg&DestLinkType=FullRecord&DestApp=WOS_CPL&KeyUT=WOS:000362724600002&KeyUID=WOS:000362724600002.
    10.1002/ijfe.1518
  44. Afonso, Alexandre; Zartaloudis, Sotirios; Papadopoulos, Yannis. 2015. "How party linkages shape austerity politics: clientelism and fiscal adjustment in Greece and Portugal during the eurozone crisis". Journal of European Public Policy 22 (3): 315-334. http://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcAuth=ORCID&SrcApp=OrcidOrg&DestLinkType=FullRecord&DestApp=WOS_CPL&KeyUT=WOS:000349783100002&KeyUID=WOS:000349783100002.
    10.1080/13501763.2014.964644
  45. Afonso, Antonio; Rault, Christophe. 2015. "Multi-step analysis of public finances sustainability". Economic Modelling 48: 199-209. http://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcAuth=ORCID&SrcApp=OrcidOrg&DestLinkType=FullRecord&DestApp=WOS_CPL&KeyUT=WOS:000356757700016&KeyUID=WOS:000356757700016.
    10.1016/j.econmod.2014.10.011
  46. Afonso, Antonio; Guimaraes, Ana Sofia. 2015. "The relevance of fiscal rules for fiscal and sovereign yield developments". Applied Economics Letters 22 (11): 920-924. http://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcAuth=ORCID&SrcApp=OrcidOrg&DestLinkType=FullRecord&DestApp=WOS_CPL&KeyUT=WOS:000353504200014&KeyUID=WOS:000353504200014.
    10.1080/13504851.2014.987912
  47. Afonso, A.; Rault, C.. 2015. "Short- and long-run behaviour of long-term sovereign bond yields". Applied Economics 47 (37): 3971-3993. http://www.scopus.com/inward/record.url?eid=2-s2.0-84929946343&partnerID=MN8TOARS.
    10.1080/00036846.2015.1023940
  48. Afonso, A.; Jalles, J.T.; Afonso, Antonio; Jalles, Joao Tovar. 2015. "Fiscal sustainability: a panel assessment for advanced economies". Applied Economics Letters 22 (11): 925-929. http://www.scopus.com/inward/record.url?eid=2-s2.0-84928624516&partnerID=MN8TOARS.
    10.1080/13504851.2014.987913
  49. Afonso, Antonio; Nunes, Ana Sofia. 2015. "Economic forecasts and sovereign yields". Economic Modelling 44: 319-326. http://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcAuth=ORCID&SrcApp=OrcidOrg&DestLinkType=FullRecord&DestApp=WOS_CPL&KeyUT=WOS:000347741600034&KeyUID=WOS:000347741600034.
    10.1016/j.econmod.2014.03.012
  50. Afonso, A.; Jalles, J.T.. 2014. "A longer-run perspective on fiscal sustainability". Empirica 41 (4): 821-847. http://www.scopus.com/inward/record.url?eid=2-s2.0-84889038094&partnerID=MN8TOARS.
    10.1007/s10663-013-9240-0
  51. Afonso, A.; Jalles, J.T.. 2014. "Assessing fiscal episodes". Economic Modelling 37: 255-270. http://www.scopus.com/inward/record.url?eid=2-s2.0-84890175486&partnerID=MN8TOARS.
    10.1016/j.econmod.2013.10.035
  52. Afonso, A.; Jalles, J.T.. 2014. "Causality for the government budget and economic growth". Applied Economics Letters 21 (17): 1198-1201. http://www.scopus.com/inward/record.url?eid=2-s2.0-84909975061&partnerID=MN8TOARS.
    10.1080/13504851.2014.916383
  53. Afonso, A.; Jalles, J.T.; Afonso, Antonio; Jalles, Joao Tovar. 2014. "Fiscal composition and long-term growth". Applied Economics 46 (3): 349-358. http://www.scopus.com/inward/record.url?eid=2-s2.0-84886830250&partnerID=MN8TOARS.
    10.1080/00036846.2013.848030
  54. Afonso, Antonio; Gomes, Pedro. 2014. "Interactions between private and public sector wages". Journal of Macroeconomics 39: 97-112. http://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcAuth=ORCID&SrcApp=OrcidOrg&DestLinkType=FullRecord&DestApp=WOS_CPL&KeyUT=WOS:000336775300007&KeyUID=WOS:000336775300007.
    10.1016/j.jmacro.2013.12.003
  55. Afonso, Antonio; Arghyrou, Michael G.; Kontonikas, Alexandros. 2014. "PRICING SOVEREIGN BOND RISK IN THE EUROPEAN MONETARY UNION AREA: AN EMPIRICAL INVESTIGATION". International Journal of Finance & Economics 19 (1): 49-56. http://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcAuth=ORCID&SrcApp=OrcidOrg&DestLinkType=FullRecord&DestApp=WOS_CPL&KeyUT=WOS:000331699900007&KeyUID=WOS:000331699900007.
    10.1002/ijfe.1484
  56. Afonso, Antonio; Gomes, Pedro; Taamouti, Abderrahim. 2014. "Sovereign credit ratings, market volatility, and financial gains". Computational Statistics & Data Analysis 76: 20-33. http://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcAuth=ORCID&SrcApp=OrcidOrg&DestLinkType=FullRecord&DestApp=WOS_CPL&KeyUT=WOS:000337771800003&KeyUID=WOS:000337771800003.
    10.1016/j.csda.2013.09.028
  57. Afonso, A.; Jalles, J.T.. 2013. "Do fiscal rules matter for growth?". Applied Economics Letters 20 (1): 34-40. http://www.scopus.com/inward/record.url?eid=2-s2.0-84861569726&partnerID=MN8TOARS.
    10.1080/13504851.2012.674198
  58. Afonso, A.; Costa, L.F.. 2013. "Market power and fiscal policy in OECD countries". Applied Economics 45 (32): 4509-4519. http://www.scopus.com/inward/record.url?eid=2-s2.0-84879444061&partnerID=MN8TOARS.
    10.1080/00036846.2013.795275
  59. Afonso, A.; St. Aubyn, M.. 2013. "Public and private inputs in aggregate production and growth: A cross-country efficiency approach". Applied Economics 45 (32): 4487-4502. http://www.scopus.com/inward/record.url?eid=2-s2.0-84896938185&partnerID=MN8TOARS.
    10.1080/00036846.2013.791018
  60. Afonso, Antonio; Jalles, Joao Tovar. 2013. "The cyclicality of education, health, and social security government spending". Applied Economics Letters 20 (7): 669-672. http://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcAuth=ORCID&SrcApp=OrcidOrg&DestLinkType=FullRecord&DestApp=WOS_CPL&KeyUT=WOS:000312455300011&KeyUID=WOS:000312455300011.
    10.1080/13504851.2012.730125
  61. Afonso, Antonio; Jalles, Joao Tovar; Afonso, A.; Jalles, J.T.. 2013. "Growth and productivity: The role of government debt". International Review of Economics & Finance 25: 384-407. http://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcAuth=ORCID&SrcApp=OrcidOrg&DestLinkType=FullRecord&DestApp=CCC&KeyUT=CCC:000310944800029&KeyUID=CCC:000310944800029.
    10.1016/j.iref.2012.07.004
  62. Afonso, A.; Jalles, J.T.. 2012. "Measuring the success of fiscal consolidations". Applied Financial Economics 22 (13): 1053-1061. http://www.scopus.com/inward/record.url?eid=2-s2.0-84859313592&partnerID=MN8TOARS.
    10.1080/09603107.2011.637894
  63. Afonso, A.; Jalles, J.T.. 2012. "Fiscal volatility, financial crises and growth". Applied Economics Letters 19 (18): 1821-1826. http://www.scopus.com/inward/record.url?eid=2-s2.0-84861163398&partnerID=MN8TOARS.
    10.1080/13504851.2012.667531
  64. Afonso, A.; Martins, M.M.F.. 2012. "Level, slope, curvature of the sovereign yield curve, and fiscal behaviour". Journal of Banking and Finance 36 (6): 1789-1807. http://www.scopus.com/inward/record.url?eid=2-s2.0-84859646372&partnerID=MN8TOARS.
    10.1016/j.jbankfin.2012.02.004
  65. Afonso, Antonio; Sousa, Ricardo M.; Afonso, António. 2012. "The macroeconomic effects of fiscal policy". Applied Economics 44 (34): 4439-4454. http://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcAuth=ORCID&SrcApp=OrcidOrg&DestLinkType=FullRecord&DestApp=WOS_CPL&KeyUT=WOS:000301545600003&KeyUID=WOS:000301545600003.
    10.1080/00036846.2011.591732
  66. Afonso, Antonio; Furceri, Davide; Gomes, Pedro. 2012. "Sovereign credit ratings and financial markets linkages: Application to European data". Journal of International Money and Finance 31 (3): 606-638. http://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcAuth=ORCID&SrcApp=OrcidOrg&DestLinkType=FullRecord&DestApp=WOS_CPL&KeyUT=WOS:000302039200010&KeyUID=WOS:000302039200010.
    10.1016/j.jimonfin.2012.01.016
  67. Afonso, A.; Gomes, P.. 2011. "Do fiscal imbalances deteriorate sovereign debt ratings?". Revue Economique 62 (6): 1123-1134. http://www.scopus.com/inward/record.url?eid=2-s2.0-84856855180&partnerID=MN8TOARS.
    10.3917/reco.626.1123
  68. Afonso, A.; Sousa, R.M.. 2011. "The macroeconomic effects of fiscal policy in Portugal: A Bayesian SVAR analysis". Portuguese Economic Journal 10 (1): 61-82. http://www.scopus.com/inward/record.url?eid=2-s2.0-79953024848&partnerID=MN8TOARS.
    10.1007/s10258-011-0071-2
  69. Afonso, A.; Sousa, R.M.. 2011. "What are the effects of fiscal policy on asset markets?". Economic Modelling 28 (4): 1871-1890. http://www.scopus.com/inward/record.url?eid=2-s2.0-79956207125&partnerID=MN8TOARS.
    10.1016/j.econmod.2011.03.018
  70. Afonso, A.; St. Aubyn, M.. 2011. "Assessing health efficiency across countries with a two-step and bootstrap analysis". Applied Economics Letters 18 (15): 1427-1430. http://www.scopus.com/inward/record.url?eid=2-s2.0-79961048423&partnerID=MN8TOARS.
    10.1080/13504851.2010.541149
  71. Afonso, A.; Agnello, L.; Furceri, D.; Sousa, R.M.. 2011. "Assessing long-term fiscal developments: A new approach". Journal of International Money and Finance 30 (1): 130-146. http://www.scopus.com/inward/record.url?eid=2-s2.0-78651437762&partnerID=MN8TOARS.
    10.1016/j.jimonfin.2010.08.001
  72. Afonso, A.; Alegre, J.G.. 2011. "Economic growth and budgetary components: A panel assessment for the EU". Empirical Economics 41 (3): 703-723. http://www.scopus.com/inward/record.url?eid=2-s2.0-80955157444&partnerID=MN8TOARS.
    10.1007/s00181-010-0400-9
  73. Afonso, Antonio; Sousa, Ricardo M.. 2011. "CONSUMPTION, WEALTH, STOCK AND GOVERNMENT BOND RETURNS: INTERNATIONAL EVIDENCE". Manchester School 79 (6): 1294-1322. http://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcAuth=ORCID&SrcApp=OrcidOrg&DestLinkType=FullRecord&DestApp=WOS_CPL&KeyUT=WOS:000296604300014&KeyUID=WOS:000296604300014.
    10.1111/j.1467-9957.2011.02247.x
  74. Afonso, A; Gomes, P; Rother, P. 2011. "SHORT- AND LONG-RUN DETERMINANTS OF SOVEREIGN DEBT CREDIT RATINGS". International Journal of Finance & Economics 16 (1): 1-15. http://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcAuth=ORCID&SrcApp=OrcidOrg&DestLinkType=FullRecord&DestApp=WOS_CPL&KeyUT=WOS:000285398500001&KeyUID=WOS:000285398500001.
    10.1002/ijfe.416
  75. Afonso, A.; Jalles, J.. 2011. "Appraising fiscal reaction functions". Economics Bulletin 31 (4): 3320-3330. http://www.scopus.com/inward/record.url?eid=2-s2.0-84855300114&partnerID=MN8TOARS.
  76. Afonso, António; Sousa, Ricardo M.. 2011. "The macroeconomic effects of fiscal policy in portugal : a bayesian SVAR analysis". http://hdl.handle.net/1822/11966.
    Open access • 10.1007/s10258-011-0071-2
  77. Afonso, António; Sousa, Ricardo M.. 2011. "What are the effects of fiscal policy on asset markets?". http://hdl.handle.net/1822/12847.
    10.1016/j.econmod.2011.03.018
  78. Afonso, A.; Claeys, P.; Sousa, R.M.. 2011. "Fiscal regime shifts in Portugal". Portuguese Economic Journal 10 (2): 83-108. http://www.scopus.com/inward/record.url?eid=2-s2.0-79960294155&partnerID=MN8TOARS.
    10.1007/s10258-010-0065-5
  79. Afonso, A.; Sousa, R.M.. 2011. "Assessing long-term fiscal developments: Evidence from Portugal". Applied Economics Letters 18 (1): 1-5. http://www.scopus.com/inward/record.url?eid=2-s2.0-78650555407&partnerID=MN8TOARS.
    10.1080/13504850903425090
  80. Rault, C.; Afonso, A.. 2011. "Long-run determinants of sovereign yields". Economics Bulletin 31 (1): 367-374. http://www.scopus.com/inward/record.url?eid=2-s2.0-79952342884&partnerID=MN8TOARS.
  81. Afonso, A.. 2010. "Expansionary fiscal consolidations in Europe: New evidence". Applied Economics Letters 17 (2): 105-109. http://www.scopus.com/inward/record.url?eid=2-s2.0-70949107079&partnerID=MN8TOARS.
    10.1080/13504850701719892
  82. Afonso, A.; St.Aubyn, M.. 2010. "Public and private investment rates of return: Evidence for industrialized countries". Applied Economics Letters 17 (9): 839-843. http://www.scopus.com/inward/record.url?eid=2-s2.0-77953646030&partnerID=MN8TOARS.
    10.1080/13504850802599425
  83. Afonso, A.; Schuknecht, L.; Tanzi, V.. 2010. "Public sector efficiency: Evidence for new EU member states and emerging markets". Applied Economics 42 (17): 2147-2164. http://www.scopus.com/inward/record.url?eid=2-s2.0-77954398276&partnerID=MN8TOARS.
    10.1080/00036840701765460
  84. Afonso, A.. 2010. "Long-term government bond yields and economic forecasts: Evidence for the EU". Applied Economics Letters 17 (15): 1437-1441. http://www.scopus.com/inward/record.url?eid=2-s2.0-77957581774&partnerID=MN8TOARS.
    10.1080/13504850903049627
  85. Afonso, A.; Rault, C.; AFONSO, A; RAULT, C. 2010. "What do we really know about fiscal sustainability in the EU? A panel data diagnostic". Review of World Economics 145 (4): 731-755. http://www.scopus.com/inward/record.url?eid=2-s2.0-75549085119&partnerID=MN8TOARS.
    10.1007/s10290-009-0034-1
  86. Afonso, A; Furceri, D. 2010. "Government size, composition, volatility and economic growth". European Journal of Political Economy 26 (4): 517-532.
    10.1016/j.ejpoleco.2010.02.002
  87. Afonso, A; Agnello, L; Furceri, D; Afonso, A.; Agnello, L.; Furceri, D.. 2010. "Fiscal policy responsiveness, persistence, and discretion". Public Choice 145 (3-4): 503-530. http://www.scopus.com/inward/record.url?eid=2-s2.0-78649323647&partnerID=MN8TOARS.
    10.1007/s11127.009.9577.x
  88. Afonso, A; Schuknecht, L; Tanzi, V. 2010. "Income distribution determinants and public spending efficiency". Journal of Economic Inequality 8 (3): 367-389.
    10.1007/s10888-010-9138-z
  89. Afonso, A.; St. Aubyn, M.. 2009. "Macroeconomic rates of return of public and private investment: Crowding-in and crowding-out effects". Manchester School 77 (SUPPL. 1): 21-39. http://www.scopus.com/inward/record.url?eid=2-s2.0-68349108236&partnerID=MN8TOARS.
    10.1111/j.1467-9957.2009.02117.x
  90. Afonso, A.; Rault, C.. 2009. "Spend spend-and and-tax: A panel data investigation for the EU". Economics Bulletin 29 (4): 2542-2548. http://www.scopus.com/inward/record.url?eid=2-s2.0-77953564392&partnerID=MN8TOARS.
  91. Afonso, A.. 2009. "Neck, R. and Sturm, J.-E. (eds.): Sustainability of public debt - VII, 271pp. The MIT Press, Cambridge, Mass. and London 2008. Hardback, £ 22.95". Journal of Economics/ Zeitschrift fur Nationalokonomie: 1-2. http://www.scopus.com/inward/record.url?eid=2-s2.0-59649106409&partnerID=MN8TOARS.
    10.1007/s00712-009-0060-4
  92. Afonso, A.; Gomes, P.; Rother, P.. 2009. "Ordered response models for sovereign debt ratings". Applied Economics Letters 16 (8): 769-773. http://www.scopus.com/inward/record.url?eid=2-s2.0-67650096279&partnerID=MN8TOARS.
    10.1080/13504850701221931
  93. AFONSO, A; AUBYN, MS. 2009. "MACROECONOMIC RATES OF RETURN OF PUBLIC AND PRIVATE INVESTMENT: CROWDING-IN AND CROWDING-OUT EFFECTS". MANCHESTER SCHOOL 77: 21-39. http://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcAuth=ORCID&SrcApp=OrcidOrg&DestLinkType=FullRecord&DestApp=WOS_CPL&KeyUT=WOS:000268030900002&KeyUID=WOS:000268030900002.
  94. Afonso, A.; Furceri, D.. 2009. "Sectoral business cycle synchronization in the European Union". Economics Bulletin 29 (4): 2996-3014. http://www.scopus.com/inward/record.url?eid=2-s2.0-77953585325&partnerID=MN8TOARS.
  95. Rault, C.; Afonso, A.. 2009. "Bootstrap panel granger-causality between government budget and external deficits for the EU". Economics Bulletin 29 (2): 1027-1034. http://www.scopus.com/inward/record.url?eid=2-s2.0-77953501130&partnerID=MN8TOARS.
  96. Afonso, A.; Fernandes, S.. 2008. "Assessing and explaining the relative efficiency of local government". Journal of Socio-Economics 37 (5): 1946-1979. http://www.scopus.com/inward/record.url?eid=2-s2.0-51049114026&partnerID=MN8TOARS.
    10.1016/j.socec.2007.03.007
  97. Afonso, A.. 2008. "Ricardian fiscal regimes in the European Union". Empirica 35 (3): 313-334. http://www.scopus.com/inward/record.url?eid=2-s2.0-47249143286&partnerID=MN8TOARS.
    10.1007/s10663-008-9066-3
  98. Afonso, A.; Claeys, P.. 2008. "The dynamic behaviour of budget components and output". Economic Modelling 25 (1): 93-117. http://www.scopus.com/inward/record.url?eid=2-s2.0-37349022846&partnerID=MN8TOARS.
    10.1016/j.econmod.2007.04.016
  99. Afonso, António; Santos, Mariana. 2008. "A DEA approach to the relative efficiency of portuguese public universities". http://hdl.handle.net/10400.5/10021.
    Open access
  100. Afonso, A.. 2008. "Euler testing Ricardo and Barro in the EU". Economics Bulletin 5 (16). http://www.scopus.com/inward/record.url?eid=2-s2.0-45449095515&partnerID=MN8TOARS.
  101. Afonso, A.; Strauch, R.. 2007. "Fiscal policy events and interest rate swap spreads: Evidence from the EU". Journal of International Financial Markets, Institutions and Money 17 (3): 261-276. http://www.scopus.com/inward/record.url?eid=2-s2.0-34248634593&partnerID=MN8TOARS.
    10.1016/j.intfin.2005.12.002
  102. Rault, C.; Afonso, A.. 2007. "Should we care for structural breaks when assessing fiscal sustainability?". Economics Bulletin 3 (63). http://www.scopus.com/inward/record.url?eid=2-s2.0-38049153605&partnerID=MN8TOARS.
  103. AFONSO, A; GASPAR, V. 2007. "Dupuit, Pigou and cost of inefficiency in public services provision". PUBLIC CHOICE 132 (3-4): 485-502.
    10.1007/s11127-007-9174-9
  104. Afonso, A.; Fernandes, S.. 2006. "Measuring local government spending efficiency: Evidence for the Lisbon region". Regional Studies 40 (1): 39-53. http://www.scopus.com/inward/record.url?eid=2-s2.0-32144447673&partnerID=MN8TOARS.
    10.1080/00343400500449937
  105. AFONSO, A; AUBYN, MS. 2006. "Cross-country efficiency of secondary education provision: A semi-parametric analysis with non-discretionary inputs". ECONOMIC MODELLING 23 (3): 476-491.
    10.1016/j.econmod.2006.02.003
  106. AFONSO, A; NICKEL, C; ROTHER, PC. 2006. "Fiscal consolidations in the Central and Eastern European countries". REVIEW OF WORLD ECONOMICS 142 (2): 402-421.
    10.1007/s10290-006-0073-9
  107. Afonso, A.. 2006. "Sustainability of fiscal policy in the EU-15". CESifo DICE Report 4 (1): 34-38. http://www.scopus.com/inward/record.url?eid=2-s2.0-33746635938&partnerID=MN8TOARS.
  108. AFONSO, A; ST AUBYN, M. 2005. "Non-parametric approaches to education and health efficiency in OECD countries". JOURNAL OF APPLIED ECONOMICS 8 (2): 227-246. http://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcAuth=ORCID&SrcApp=OrcidOrg&DestLinkType=FullRecord&DestApp=WOS_CPL&KeyUT=WOS:000238097800002&KeyUID=WOS:000238097800002.
  109. AFONSO, A. 2005. "Fiscal sustainability: The unpleasant European case". FINANZARCHIV 61 (1): 19-44. http://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcAuth=ORCID&SrcApp=OrcidOrg&DestLinkType=FullRecord&DestApp=WOS_CPL&KeyUT=WOS:000230640000002&KeyUID=WOS:000230640000002.
  110. AFONSO, A; SCHUKNECHT, L; TANZI, V. 2005. "Public sector efficiency: An international comparison". PUBLIC CHOICE 123 (3-4): 321-347.
    10.1007/s11127-005-7165-2
  111. Afonso, A.. 2003. "Understanding the determinants of sovereign debt ratings: Evidence for the two leading agencies". Journal of Economics and Finance 27 (1): 56-74. http://www.scopus.com/inward/record.url?eid=2-s2.0-11144332149&partnerID=MN8TOARS.
    10.1007/BF02751590
  112. Afonso, António; St. Aubyn, Miguel. 1999. "Credit rationing and monetary transmission : evidence for Portugal". http://hdl.handle.net/10400.5/9316.
    Open access
  113. Afonso, António Manuel Pedro. 1995. "Public deficits and inflation, some more results for Portugal". http://hdl.handle.net/10400.5/9398.
    Open access
  114. Afonso, António Manuel Pedro. 1993. "Causality between public deficits and the inflation : some tests for the portuguese case". http://hdl.handle.net/10400.5/9465.
    Open access
Report
  1. António Afonso. 2017. A sustentabilidade da política orçamental em Portugal.
    10.13140/rg.2.2.12449.20329
Thesis / Dissertation
  1. Afonso, António. 2002. "Ensaios sobre politica orçamental". http://hdl.handle.net/10400.5/8174.
  2. Afonso, António. 1992. "Défices públicos e inflação". Mestrado. http://hdl.handle.net/10400.5/12421.
Working paper
  1. Afonso, António; Gonçalves, Luís. 2018. "The policy mix in the US and EMU : evidence from a SVAR analysis". http://hdl.handle.net/10400.5/16008.
  2. Afonso, António; Ibraimo, Yasfir. 2018. "The macroeconomic effects of public debt : an empirical analysis of Mozambique". http://hdl.handle.net/10400.5/16009.
  3. Afonso, António; Jalles, João. 2018. "Decomposing and analysing the determinants of current accounts’ cyclicality : evidence from the Euro Area". http://hdl.handle.net/10400.5/16023.
  4. Afonso, António; Leal, Frederico Silva. 2018. "Fiscal multipliers in the Eurozone : a SVAR analysis". http://hdl.handle.net/10400.5/16028.
  5. Afonso, António; Sen, Huseyin; Kaya, Ayse. 2018. "Government size, unemployment, and inflation nexus in eight large emerging market economies". http://hdl.handle.net/10400.5/16019.
  6. Afonso, António; Blanco-Arana, M. Carmen. 2018. "Financial development and economic growth : a study for OECD countries in the context of crisis". http://hdl.handle.net/10400.5/16027.
  7. Afonso, António; Alves, José. 2017. "Stock-flow adjustments and interest rates". http://hdl.handle.net/10400.5/13137.
  8. Afonso, António; Kazemi, Mina. 2017. "Euro area sovereign yields and the power of QE". http://hdl.handle.net/10400.5/13930.
  9. Afonso, António; Silva, Jorge. 2017. "Effects of euro area monetary policy on institutional sectors : the case of Portugal". http://hdl.handle.net/10400.5/13985.
  10. Afonso, António; Jalles, João. 2017. "Do fiscal rules lower government financing costs?". http://hdl.handle.net/10400.5/15988.
  11. Afonso, António; Jalles, João. 2017. "Fiscal reaction functions across the world : a battle of statistical (in-) significance". http://hdl.handle.net/10400.5/15989.
  12. Afonso, António; Jalles, João. 2017. "Quantitative easing and sovereign yield spreads : Euro-Area time-varying evidence". http://hdl.handle.net/10400.5/15995.
  13. Afonso, António; Cardoso, Pedro. 2017. "Exchange-traded funds as an alternative investment option : a case study". http://hdl.handle.net/10400.5/15999.
  14. Afonso, António; Jalles, João Tovar. 2017. "Sovereign debt effects and composition : evidence from time-varying estimates". http://hdl.handle.net/10400.5/13135.
  15. Afonso, António; Jalles, João Tovar. 2017. "Fiscal activism and price volatility : evidence from advanced and emerging economies". http://hdl.handle.net/10400.5/13136.
  16. António Afonso; João Tovar; Depeco. 2017. "Sovereign Debt Effects and Composition: Evidence from Time-Varying Estimates".
    10.13140/rg.2.2.34269.00480
  17. António Afonso; João Tovar; Depeco. 2017. "Fiscal Activism and Price Volatility: Evidence from Advanced and Emerging Economies".
    10.13140/rg.2.2.30913.56162
  18. António Afonso; José Alves; Depeco. 2017. "Stock-Flow Adjustments and Interest Rates".
    10.13140/rg.2.2.24202.67526
  19. António Afonso; André Albuquerque; Depeco. 2017. "Sovereign Credit Rating Mismatches".
    10.13140/rg.2.2.19169.51040
  20. António Afonso; Frederico Silva Leal; Depeco. 2017. "Sovereign yield spreads in the EMU: crisis and structural determinants".
    10.13140/rg.2.2.22944.38400
  21. António Afonso; Jorge Silva; Depeco. 2017. "Debt crisis and 10-year sovereign yields in Ireland and in Portugal".
    10.13140/rg.2.2.36366.15682
  22. Afonso, António; Silva, Jorge. 2016. "Current account balance cyclicality". http://hdl.handle.net/10400.5/12203.
  23. Afonso, António; Alcântara, Marcelo. 2016. "Euro area sovereign debt crisis and debt mutualisation". http://hdl.handle.net/10400.5/11098.
  24. Afonso, António; Reis, Manuel. 2016. "Revisiting sovereign bond spreads’ determinants in the EMU". http://hdl.handle.net/10400.5/11312.
  25. Afonso, António; Alves, José. 2016. "Reconsidering Wagner’s Law : evidence from the functions of the government". http://hdl.handle.net/10400.5/11313.
  26. Afonso, António; Silva, Jorge. 2016. "Determinants of non-resident government debt ownership". http://hdl.handle.net/10400.5/10712.
  27. Afonso, António; St. Aubyn, Miguel. 2016. "Economic growth and public and private investment returns". http://hdl.handle.net/10400.5/12026.
  28. Afonso, António; Jalles, João Tovar. 2016. "The fiscal consequences of deflation : evidence from the golden age of globalization". http://hdl.handle.net/10400.5/12305.
  29. Afonso, António; Singh, Manish K.. 2016. "Is the supply of long-term debt independent of the term premia? Evidence from Portugal". http://hdl.handle.net/10400.5/11715.
  30. Afonso, António; Jalles, João Tovar. 2016. "Economic volatility and sovereign yields’ determinants : a time-varying approach". http://hdl.handle.net/10400.5/10713.
  31. Afonso, António; Jalles, João Tovar. 2016. "Budgetary decomposition and yield spreads". http://hdl.handle.net/10400.5/10714.
  32. Afonso, António; Jalles, João Tovar. 2015. "Markups’ cyclical behavior : the role of demand and supply shocks". http://hdl.handle.net/10400.5/8613.
  33. Afonso, António; Jalles, João Tovar. 2015. "Fiscal Sustainability : A Panel Assessment for Advanced Economies". http://hdl.handle.net/10400.5/8143.
  34. Afonso, António; Jalles, João Tovar. 2015. "Fiscal episodes, technological progress and market power". http://hdl.handle.net/10400.5/9246.
  35. Afonso, António; Jalles, João Tovar. 2015. "Euro area time varying fiscal sustainability". http://hdl.handle.net/10400.5/9252.
  36. Afonso, António; Caiado, Jorge; St. Aubyn, Miguel. 2015. "The macro impact of the Portuguese Constitutional Court decisions regarding the budgetary proposals of the Portuguese Budget Law (2012, 2013, 2014)". http://hdl.handle.net/10400.5/8293.
  37. Afonso, António; Carvalho, Rui. 2014. "Revenue forecast errors in the European Union". http://hdl.handle.net/10400.5/6518.
  38. Afonso, António; Alves, José. 2014. "The Role of Government Debt in Economic Growth". http://hdl.handle.net/10400.5/7410.
  39. Afonso, António; Balhote, Raquel. 2014. "Interactions between Monetary Policy and Fiscal Policy". http://hdl.handle.net/10400.5/7415.
  40. Afonso, António; Martins, Luís. 2014. "Monetary developments and expansionary fiscal consolidations : evidence from the EMU". http://hdl.handle.net/10400.5/7416.
  41. Afonso, António; Silva, António Jorge. 2014. "The monetary transmission mechanism in the Euro Area : has it changed with the EMU? A VAR approach, with fiscal policy and financial stress considerations". http://hdl.handle.net/10400.5/7418.
  42. Afonso, António; Guedes, Maria João. 2014. "EU Finance Ministers, capital markets and fiscal outcomes". http://hdl.handle.net/10400.5/6517.
  43. Afonso, António; Guimarães, Ana Sofia. 2014. "The relevance of fiscal rules for fiscal and yield developments". http://hdl.handle.net/10400.5/6521.
  44. Afonso, António; Jalles, João Tovar. 2014. "Causality for the government budget and economic growth". http://hdl.handle.net/10400.5/7421.
  45. Afonso, António; Felix, Ana Catarina Ramos; Félix, Ana Catarina Ramos. 2014. "Contagion in EU sovereign yield spreads". http://hdl.handle.net/10400.5/6520.
  46. Afonso, António; Gomes, Pedro; Taamouti, Abderrahim. 2014. "Sovereign credit ratings, market volatility, and financial gains". http://hdl.handle.net/10400.5/7422.
  47. Afonso, António. 2013. "Anatomy of a fiscal débacle: the case of Portugal". http://hdl.handle.net/10400.5/5164.
  48. Afonso, António; Toffano, Priscilla. 2013. "Fiscal regimes in the EU". http://hdl.handle.net/10400.5/5901.
  49. Afonso, António; Venâncio, Ana. 2013. "The relevance of commuting zones for regional spending efficiency". http://hdl.handle.net/10400.5/5991.
  50. Afonso, António; Nunes, Ana Sofia. 2013. "Economic forecasts and sovereign yields". http://hdl.handle.net/10400.5/5165.
  51. Afonso, António; Ayadi, Mohamed; Ramzi, Sourour. 2013. "Assessment of efficiency in basic and secondary education in Tunisia, a regional analysis". http://hdl.handle.net/10400.5/5895.
  52. Afonso, António; Silva, Jorge. 2012. "The fiscal forecasting track record of the European Commission and Portugal". http://hdl.handle.net/10400.5/4887.
  53. Afonso, António; Jalles, João Tovar. 2012. "The cyclicality of education, health, and social security government spending". http://hdl.handle.net/10400.5/4691.
  54. Afonso, António; Jalles, João Tovar. 2012. "Revisiting fiscal sustainability: panel cointegration and structural breaks in OECD countries". http://hdl.handle.net/10400.5/4690.
  55. Afonso, António; Jalles, João Tovar. 2012. "The fiscal-growth nexus". http://hdl.handle.net/10400.5/3787.
  56. Afonso, António; Jalles, João Tovar. 2012. "Do fiscal rules matter for growth?". http://hdl.handle.net/10400.5/4150.
  57. Afonso, António; Jalles, João Tovar. 2012. "Fiscal volatility, financial crises and growth". http://hdl.handle.net/10400.5/4147.
  58. Afonso, António; Arghyrou, Michael G.; Kontonikas, Alexandros. 2012. "The determinants of sovereign bond yield spreads in the EMU". http://hdl.handle.net/10400.5/4877.
  59. Afonso, António; Jalles, João Tovar. 2011. "Assessing fiscal episodes". http://hdl.handle.net/10400.5/3584.
  60. Afonso, António; Jalles, João Tovar. 2011. "A longer-run perspective on fiscal stability". http://hdl.handle.net/10400.5/3586.
  61. Afonso, António; Jalles, João Tovar. 2011. "Linking investment and fiscal policies". http://hdl.handle.net/10400.5/3589.
  62. Afonso, António; Jalles, João Tovar. 2011. "Growth and productivity : the role of government debt". http://hdl.handle.net/10400.5/3514.
  63. Afonso, António; Jalles, João Tovar. 2011. "Measuring the success of fiscal consolidations". http://hdl.handle.net/10400.5/3782.
  64. Afonso, António; Jalles, João Tovar. 2011. "Appraising fiscal reaction functions". http://hdl.handle.net/10400.5/3783.
  65. Afonso, António; Jalles, João Tovar. 2011. "Economic performance and government size". http://hdl.handle.net/10400.5/3860.
  66. Afonso, António; Sousa, Ricardo M.. 2011. "Consumption, wealth, stock and government bond returns : international evidence". http://hdl.handle.net/1822/11950.
    10.1111/j.1467-9957.2011.02247.x
  67. Afonso, António; Furceri, Davide; Gomes, Pedro. 2011. "Sovereign credit ratings and financial markets linkages: application to European data". http://hdl.handle.net/10400.5/3515.
  68. Afonso, António; Baxa, Jaromír; Slavík, Michal. 2011. "Fiscal developments and financial stress : a threshold VAR analysis". http://hdl.handle.net/10400.5/3292.
  69. Afonso, António; Sequeira, Ana. 2010. "Revisiting business cycle synchronisation in the European Union". http://hdl.handle.net/10400.5/2859.
  70. Afonso, António; Gomes, Pedro. 2010. "Do fiscal imbalances deteriorate sovereign debt ratings?". http://hdl.handle.net/10400.5/2864.
    Afonso, António e Pedro Gomes. 2010. "Do fiscal imbalances deteriorate sovereign debt ratings?". 2010. Instituto Superior de Economia e Gestão. DE Working papers; nº24-2010/DE/UECE
  71. Afonso, António; St. Aubyn, Miguel. 2010. "Public and private inputs in aggregate production and growth : a cross-country efficiency approach". http://hdl.handle.net/10400.5/2159.
    Afonso, António e Miguel St. Aubyn. 2010. "Public and private inputs in aggregate production and growth : a cross-country efficiency approach". European Central Bank working paper series nº 1154-2010
  72. Afonso, António; Costa, Luís F.. 2010. "Market power and fiscal policy in OECD countries". http://hdl.handle.net/10400.5/2160.
    Afonso, António, Luís F. Costa. 2010. "Market power and fiscal policy in OECD countries". European Central Bank working paper series nº 1173-2010
  73. Afonso, António; Grüner, Hans Peter; Kolerus, Christina. 2010. "Fiscal Policy and Growth: Do Financial Crises make a Difference?". http://hdl.handle.net/10400.5/2320.
    Afonso, António, Hans Peter Grüner e Christina Kolerus. 2010. "Fiscal Policy and Growth: Do Financial Crises make a Difference?". Instituto Superior de Economia e Gestão - DE Working papers nº 10-2010/DE/UECE
  74. Afonso, António; Martins, Manuel M. F.. 2010. "Level, slope, curvature of sovereign yield curve and fiscal behaviour". http://hdl.handle.net/10400.5/2861.
    Afonso, António e Manuel M. F. Martins. 2010. "Level, slope, curvature of sovereign yield curve and fiscal behaviour". Instituto Superior de Economia e Gestão. DE Working papers; nº 23/2010./UECE
  75. Afonso, António. 2009. "Long-term government bond yelds and economic forecast : evidence for the EU". http://hdl.handle.net/10400.5/1822.
  76. Afonso, António; Hauptmeier, Sebastian. 2009. "Fiscal behaviour in the European Union : rules, fiscal decentralization and government indebtedness". http://hdl.handle.net/10400.5/1865.
  77. Afonso, António; Rault, Christophe. 2009. "Bootstrap panel Granger-causality between government spending and revenue in the EU". http://hdl.handle.net/10400.5/2124.
  78. Afonso, António; Rault, Christophe. 2009. "Bootstrap Panel Granger-Causality Between Government Budget and External Deficits for the EU". http://hdl.handle.net/10400.5/2533.
  79. Afonso, António; Sousa, Ricardo M.. 2009. "The macroeconomic effects of fiscal policy". http://hdl.handle.net/10400.5/2156.
  80. Afonso, António; Sousa, Ricardo M.. 2009. "The Macroeconomic Effects of Fiscal Policy in Portugal: a Bayesian SVAR Analysis". http://hdl.handle.net/10400.5/2539.
  81. Afonso, António. 2008. "Euler testing Ricardo and Barro in the EU". http://hdl.handle.net/10400.5/2347.
  82. Afonso, António; Rault, Christophe. 2008. "Budgetary and external imbalances relationship : a panel data diagnostic". http://hdl.handle.net/10400.5/2153.
  83. Afonso, António; Gomes, Pedro; Anto´nio Afonso; Pedro Gomes; Pedro Maia Gomes. 2008. "Interactions between private and public sector wages". http://hdl.handle.net/10400.5/2154.
  84. Afonso, António; Rault, Christophe. 2008. "Should we care for structural breaks when assessing fiscal sustainability?". http://hdl.handle.net/10400.5/2326.
  85. Afonso, António; Furceri, Davide. 2008. "Government Size, Composition, Volatility and Economic Growth". http://hdl.handle.net/10400.5/2329.
  86. Afonso, António; Fernandes, Sónia. 2008. "Assessing Hospital Efficiency: Non-parametric Evidence for Portugal". http://hdl.handle.net/10400.5/2332.
  87. Afonso, António; Rault, Christophe. 2008. "3-Step Analysis of Public Finances Sustainability: the Case of the European Union". http://hdl.handle.net/10400.5/2359.
  88. Afonso, António; Rault, Christophe. 2008. "Bootstrap Panel Granger-Causality Between Government spending and Revenue". http://hdl.handle.net/10400.5/2363.
  89. Afonso, António; St. Aubyn, Miguel. 2008. "Macroeconomic rates of return of public and private investment crowding-in and crowding-out effects". http://hdl.handle.net/10400.5/2150.
  90. Afonso, António; Gonzalez Alegre, Juan; González Alegre, Juan. 2008. "Economic growth and budgetary components: a panel assessment for the EU". http://hdl.handle.net/10400.5/2138.
  91. Afonso, António; Sousa, Ricardo M.. 2008. "Fiscal Policy, Housing and Stock Prices". http://hdl.handle.net/10400.5/2506.
  92. Afonso, António; Agnello, Luca; Furceri, Davide. 2008. "Fiscal Policy Responiveness, Persistence and Discretion". http://hdl.handle.net/10400.5/2486.
  93. Afonso, António; Schknecht, Ludger; Tanzi, Vito; Schuknecht, Ludger. 2008. "Income Distribution Determinants and Public Spending Efficiency". http://hdl.handle.net/10400.5/2330.
  94. Afonso, António. 2007. "Public finances in Portugal: a brief long-run view". http://hdl.handle.net/10400.5/2566.
  95. Afonso, António; Claeys, Peter. 2007. "The dynamic behaviour of budget components and output". http://hdl.handle.net/10400.5/2135.
  96. Afonso, António; Furceri, Davide. 2007. "Sectoral Business Cycle Synchronization in the European Union". http://hdl.handle.net/10400.5/2567.
  97. Afonso, António; Rault, Christophe. 2007. "What We Really Know about Fiscal Sustainability in the EU? A Panel Data Diagnostic". http://hdl.handle.net/10400.5/2591.
  98. Afonso, António; Furceri, Davide. 2007. "Business Cycle Synchronization and Insurance Mechanisms in the EU". http://hdl.handle.net/10400.5/2595.
  99. Afonso, António; Gomes, Pedro; Rother, Philipp; Anto´nio Afonso; Pedro Gomes; Philipp C. Rother. 2007. "What "hides" behind sovereign debt ratings?". http://hdl.handle.net/10400.5/2134.
  100. Afonso, António. 2006. "Expansionary fiscal consolidations in Europe : new evidence". http://hdl.handle.net/10400.5/2133.
  101. Afonso, António; Gaspar, Vítor; Anto´nio Afonso; Vi´tor Gaspar. 2006. "Excess burden and the cost of inefficiency in public services provision". http://hdl.handle.net/10400.5/2132.
  102. Afonso, António; Scaglioni, Carla. 2006. "An Assessment of Telecommunications Regulation Performance in the European Union". http://hdl.handle.net/10400.5/2619.
  103. Afonso, António; Claeys, Peter. 2006. "The dynamic behaviour of budget components and output - the cases of France, Germany, Portugal, and Spain". http://hdl.handle.net/10400.5/2650.
  104. Afonso, António; St. Aubyn, Miguel. 2006. "Relative Efficiency of Health Provision: a DEA Approach with Non-discretionary Inputs". http://hdl.handle.net/10400.5/2655.
  105. Afonso, António; Schuknecht, Ludger; Tanzi, Vito; Anto´nio Afonso; Ludger Schuknecht; Vito Tanzi. 2006. "Public sector efficiency evidence for new EU member states and emerging markets". http://hdl.handle.net/10400.5/2131.
  106. Afonso, António; Gomes, Pedro; Rother, Philipp. 2006. "Ordered Response Models for Sovereign Debt Ratings". http://hdl.handle.net/10400.5/2656.
  107. Afonso, António; Anto´nio Afonso. 2005. "Ricardian fiscal regimes in the European Union". http://hdl.handle.net/10400.5/2130.
  108. Afonso, António; Scaglioni, Carla. 2005. "Public Services Efficiency Provision in Italian Regions: a Non-Parametric Analysis". http://hdl.handle.net/10400.5/2661.
  109. Afonso, António; Santos, Mariana. 2005. "Students and Teachers: A DEA Approach to the Relative Efficiency of Portuguese Public Universities". http://hdl.handle.net/10400.5/2676.
  110. Afonso, António; Fernandes, Sónia. 2005. "Assessing and Explaining the Relative Efficiency of Local Government: Evidence for Portuguese Municipalities". http://hdl.handle.net/10400.5/2694.
  111. Afonso, António; St. Aubyn, Miguel. 2005. "Cross-country efficiency of secondary education provision : a semi-parametric analysis with nondiscretionary inputs". http://hdl.handle.net/10400.5/2129.
  112. Afonso, António; Nickel, Christiane; Rother, Philipp; Anto´nio Afonso; Christiane Nickel; Philipp C. Rother. 2005. "Fiscal consolidations in the Central and Eastern European countries". http://hdl.handle.net/10400.5/2128.
  113. Afonso, António; Strauch, Rolf; Anto´nio Afonso; Rolf Strauch. 2004. "Fiscal policy events and interest rate swap spreads: evidence from the EU". http://hdl.handle.net/10400.5/2126.
  114. Afonso, António; Santos, Mariana. 2004. "Public Tertiary Education Expenditure in Portugal: a Non-Parametric Efficiency Analysis". http://hdl.handle.net/10400.5/2706.
  115. Afonso, António; St. Aubyn, Miguel. 2004. "Non-parametric Approaches to Education and Health Expenditure Efficiency in OECD Countries". http://hdl.handle.net/10400.5/2700.
  116. Afonso, António; Fernandes, Sónia. 2003. "Efficiency of Local Government Spending: Evidence for the Lisbon Region". http://hdl.handle.net/10400.5/2732.
  117. Afonso, António; Schuknecht, Ludger; Tanzi, Vito. 2003. "Public sector efficiency: an international comparison". http://hdl.handle.net/10400.5/2125.
  118. Afonso, António. 2002. "Disturbing the fiscal theory of the price level: can it fit the EU-15?". http://hdl.handle.net/10400.5/2735.
  119. Afonso, António. 2002. "Understanding the Determinants of Government Debt Ratings: Evidence for the Two Leading Agencies". http://hdl.handle.net/10400.5/2736.
  120. Afonso, António. 2001. "Non-Keynesian Effects of Fiscal Policy in the EU-15". http://hdl.handle.net/10400.5/2744.
  121. Afonso, António. 2001. "Government indebtedness and european consumers behaviour". http://hdl.handle.net/10400.5/2749.
  122. Afonso, António. 2000. "Fiscal policy sustainability: some unpleasant European evidence". http://hdl.handle.net/10400.5/2755.

Other

Other output
  1. António Afonso; João Tovar Jalles; Depeco. 2016. The Fiscal Consequences of Deflation: Evidence from the Golden Age of Globalization.
    10.13140/rg.2.2.13724.90244
  2. António Afonso; Manuel Mota Freitas Martins. 2010. Level, Slope, Curvature of Sovereign Yield Curve and Fiscal Behaviour. We study fiscal behaviour and the sovereign yield curve in the U.S. and Germany in the period 1981:I-2009:IV. The latent factors, level, slope and curvature, obtained with the Kalman filter, are used in a VAR with macro and fiscal variables, controlling for financial stress conditions. In the U.S., fiscal shocks have generated (i) an immediate response of the short-end of the yield curve, associat. http://hdl.handle.net/10216/71393.
  3. Afonso, António. 2004. Consolidações orçamentais expansionstas: teoria e evidência - lição síntese. Requisito parcial para admissão de provas de agregação em Economia no Instituto Superior de Economia e Gestão da Universidade Técnica de Lisboa, conforme disposto no Decreto-Lei n. 301/72 de 14 de Agosto.. info:eu-repo/semantics/publishedVersion. http://hdl.handle.net/10400.5/14891.
Distinctions

Award

2017 Prémios Científicos Universidade de Lisboa/Caixa Geral de Depósitos
Universidade de Lisboa, Portugal
2009 Prémios Científicos UTL/Santander Totta
Universidade de Lisboa, Portugal