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Assessing the sustainability of external imbalances in the European Union

dc.contributor.authorAfonso, António
dc.contributor.authorHuart, Florence
dc.contributor.authorJalles, João Tovar
dc.contributor.authorStanek, Piotr
dc.date.accessioned2022-09-15T14:09:14Z
dc.date.available2022-09-15T14:09:14Z
dc.date.issued2018
dc.description.abstractExternal imbalances are a greater source of concern than public deficits and debts in some countries of the European Union, given their size and evolution. The new macroeconomic imbalance procedure (MIP), which aims at preventing these imbalances, relies on the surveillance of macroeconomic indicators. Some thresholds have been defined for the current account balance and the net international investment position (NIIP), but not for the NED which is taken as an auxiliary indicator in the MIP scoreboard. Prompted by these thresholds, we carried out an analysis of external debt sustainability of EU countries.pt_PT
dc.description.versioninfo:eu-repo/semantics/publishedVersionpt_PT
dc.identifier.citationAfonso, António … [et al.]. (2019)."Assessing the sustainability of external imbalances in the European Union" .The World Economy, Vol. 42, No.2: pp. 320-348.pt_PT
dc.identifier.urihttp://hdl.handle.net/10400.5/25508
dc.language.isoengpt_PT
dc.publisherJohn Wiley & Sons Ltd.pt_PT
dc.subjectCointegrationpt_PT
dc.subjectCurrent Accountpt_PT
dc.subjectError Correctionpt_PT
dc.subjectExportspt_PT
dc.subjectImportspt_PT
dc.subjectNet Foreign Assetspt_PT
dc.subjectStructural Breakspt_PT
dc.subjectUnit Rootspt_PT
dc.titleAssessing the sustainability of external imbalances in the European Unionpt_PT
dc.typejournal article
dspace.entity.typePublication
rcaap.rightsopenAccesspt_PT
rcaap.typearticlept_PT

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