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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 e Coordenação ou direção de centro de investigação, departamento ou equivalente no(a) Universidade de Lisboa Instituto Superior de Economia e Gestão. Publicou 149 artigos em revistas especializadas. Possui 6 capítulo(s) de livros e 16 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.
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

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

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

Positions / Appointments

Category
Host institution
Employer
2011 - Current Coordenação ou direção de centro de investigação, departamento ou equivalente Universidade de Lisboa Instituto Superior de Economia e Gestão, Portugal
2014 - 2023 Conselho científico/técnico-científico ou orgão correspondente Universidade de Lisboa Instituto Superior de Economia e Gestão, Portugal

Others

Category
Host institution
Employer
2002 - 2014 Senior, Principal Economist European Central Bank, Germany
Projects

Contract

Designation Funders
2019/01/01 - 2019/12/31 Research Unit on Complexity and Economics
UID/ECO/00436/2019
Universidade de Lisboa Unidade de Investigação sobre Complexidade e Economia, Portugal
Fundação para a Ciência e a Tecnologia
Concluded
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
Ongoing
2011/01/01 - 2013/12/31 Projecto Estratégico - UI 436 - 2011-2012
PEst-OE/EGE/UI0436/2011
Universidade de Lisboa Unidade de Investigação sobre Complexidade e Economia, Portugal
Fundação para a Ciência e a Tecnologia
Concluded
Outputs

Publications

Book
  1. Afonso, A.; Jalles, J.T.; Venâncio, A.. Handbook on public sector efficiency. 2023.
    10.4337/9781839109164
  2. Margarida Abreu; Afonso, António; Escária, Vitor; Cândida Ferreira. Economia Monetária e Financeira. LISBOA, Portugal: Escolar Editora. 2022.
    Published
  3. Axel A. Weber; Harald W. Stieber; Stavros Vourloumis; Anto´nio Afonso; Joa~o Tovar Jalles; Franco Bruni; Andre´ van Poeck; et al. States, Banks, and the Financing of the Economy: Fiscal Policy and Sovereign Risk Perspectives. 2013.
  4. Anto´nio Afonso; Christophe Rault; Afonso, António; Rault, Christophe. Long-run determinants of sovereign yields. Germany. 2010.
    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
  5. Anto´nio Afonso; Christophe Rault; Afonso, A.; Rault, C.. Spend-and-tax: a panel data investigation for the EU. Germany. 2009.
  6. Anto´nio Afonso; Christophe Rault. Budgetary and external imbalances relationship. Germany. 2009.
  7. Anto´nio Afonso; Juan Gonza´lez Alegre. Economic growth and budgetary components. Germany. 2008.
  8. Anto´nio Afonso; Christophe Rault. 3-step analysis of public finances sustainability. Germany. 2008.
  9. Anto´nio Afonso; Miguel St. Aubyn. Macroeconomic rates of return of public and private investment. Germany. 2008.
  10. Anto´nio Afonso; Peter Claeys. The dynamic behaviour of budget components and output. Germany. 2007.
    10.1016/j.econmod.2007.04.016
  11. Anto´nio Afonso; Christophe Rault; Antonio Afonso; Afonso, António; Rault, Christophe; António Afonso. What do we really know about fiscal sustainability in the EU?. Germany: Global Economic Modeling Network. 2007.
    10.1007/s10290-009-0034-1
  12. Anto´nio Afonso; Davide Furceri. Business cycle synchronization and insurance mechanisms in the EU. Germany. 2007.
  13. Anto´nio Afonso. Expansionary fiscal consolidations in Europe. 2006.
  14. Anto´nio Afonso. Quality of public finances and growth. 2005.
  15. Anto´nio Afonso; Miguel St. Aubyn. Cross-country efficiency of secondary education provision. 2005.
  16. Anto´nio Afonso; Ludger Schuknecht; Vito Tanzi. Public sector efficiency. 2003.
Book chapter
  1. António Afonso; João Tovar Jalles; Ana Venâncio; Afonso, A.; Jalles, J.T.; Venâncio, A.. "Introduction to public sector efficiency". 1-4. 2023.
    10.4337/9781839109164.00005
  2. Afonso, A.; Schuknecht, L.; Tanzi, V.; António Afonso; Ludger Schuknecht; Vito Tanzi. "The size of government". 6-31. 2023.
    10.4337/9781839109164.00007
  3. Afonso, A.; Jalles, J.T.; Venâncio, A.. "Government spending efficiency, measurement and applications: A cross-country efficiency dataset". 44-71. 2023.
    10.2139/ssrn.3734216
  4. Afonso, A.; Kazemi, M.. "Assessing Public Spending Efficiency in 20 OECD Countries". 7-42. 2017.
    10.1007/978-3-319-54690-2_2
  5. Afonso, António; Gomes, Pedro; Rother, Phlipp. "What “Hides” Behind Sovereign Debt Ratings?". In New developments in financial modelling, 314-343. Cambridge Scholars Publishing, 2008.
    10.5848/csp.1155.00013
  6. Afonso, António. "Finanças públicas e consolidações orçamentais: o caso de Portugal". 2002.
Conference paper
  1. AFONSO, A; FURCERI, D. "EMU enlargement, stabilization costs and insurance mechanisms". 2008.
    10.1016/j.jimonfin.2007.12.010
Journal article
  1. António Afonso; Hugo Morão. "Commonalities and heterogeneity in the Iberian business cycle". The Journal of Economic Asymmetries (2024): https://doi.org/10.1016/j.jeca.2024.e00375.
    10.1016/j.jeca.2024.e00375
  2. António Afonso; Eduardo de Sá Fortes Leitão Rodrigues; Afonso, A.; de Sá Fortes Leitão Rodrigues, E.. "Consumption patterns of indebted households: unravelling the relevance of fiscal policy". International Journal of Economic Policy Studies (2024): https://doi.org/10.1007/s42495-024-00141-3.
    10.1007/s42495-024-00141-3
  3. António Afonso; José Alves; Krzysztof Beck; Karen Jackson. "Financial, institutional, and macroeconomic determinants of cross-country portfolio equity flows: The case of developed countries". Economic Modelling (2024): https://doi.org/10.1016/j.econmod.2024.106902.
    10.1016/j.econmod.2024.106902
  4. António Afonso; Florence Huart; João Tovar Jalles; Piotr Stanek. "Determinants and international transmission of interest rates: Do foreign reserves and sovereign debt matter?". Review of International Economics (2024): https://doi.org/10.1111/roie.12776.
    10.1111/roie.12776
  5. António Afonso; João Tovar Jalles; Ana Venâncio. "Fiscal decentralization and public sector efficiency: Do natural disasters matter?". Economic Modelling (2024): https://doi.org/10.1016/j.econmod.2024.106763.
    10.1016/j.econmod.2024.106763
  6. António Afonso; José Alves; Sofia Monteiro; Alves, J.; Afonso, A.; Monteiro, S.. "Sovereign risk dynamics in the EU: The time varying relevance of fiscal and external (im)balances*". Journal of International Financial Markets, Institutions and Money (2024): https://doi.org/10.1016/j.intfin.2024.102026.
    10.1016/j.intfin.2024.102026
  7. António Afonso; João Tovar Jalles; Ana Venâncio. "A tale of government spending efficiency and trust in the state". Public Choice (2024): https://doi.org/10.1007/s11127-024-01144-6.
    10.1007/s11127-024-01144-6
  8. António Afonso; José Carlos Coelho. "Fiscal sustainability, fiscal reactions, pitfalls and determinants". Applied Economics (2024): https://doi.org/10.1080/00036846.2024.2337808.
    10.1080/00036846.2024.2337808
  9. António Afonso; José Alves; José Carlos Coelho; Afonso, A.; Alves, J.; Coelho, J.C.. "Determinants of the degree of fiscal sustainability". International Journal of Finance & Economics (2024): https://doi.org/10.1002/ijfe.2960.
    10.1002/ijfe.2960
  10. António Afonso; José Carlos Coelho; Afonso, A.; Coelho, J.. "Drivers of fiscal sustainability: A time-varying analysis for Portugal". International Economics (2024): https://doi.org/10.1016/j.inteco.2024.100486.
    10.1016/j.inteco.2024.100486
  11. Afonso, A.; Sousa, A.. "Monetary and fiscal interplay: Does it work both ways?". Economic Systems (2024): http://www.scopus.com/inward/record.url?eid=2-s2.0-85184067552&partnerID=MN8TOARS.
    10.1016/j.ecosys.2024.101188
  12. Afonso, A.; Mignon, V.; Saadaoui, J.. "On the time-varying impact of China's bilateral political relations on its trading partners: “Doux commerce” or “trade follows the flag”?". China Economic Review 85 (2024): http://www.scopus.com/inward/record.url?eid=2-s2.0-85192147150&partnerID=MN8TOARS.
    10.1016/j.chieco.2024.102184
  13. Afonso, A.; Blanco-Arana, M.C.. "The Nexus between Economic Freedom and Economic Growth in the Least Developed Countries. An Empirical Analysis for the Period of 2000-2021". Finance a Uver - Czech Journal of Economics and Finance 74 2 (2024): 191-220. http://www.scopus.com/inward/record.url?eid=2-s2.0-85194389906&partnerID=MN8TOARS.
    10.32065/CJEF.2024.02.02
  14. Afonso, A.; Alves, J.; Monteiro, S.. "Banks’ portfolio of government debt and sovereign risk: From safe havens to stormy seas". Finance Research Letters 70 (2024): http://www.scopus.com/inward/record.url?eid=2-s2.0-85207154625&partnerID=MN8TOARS.
    10.1016/j.frl.2024.106277
  15. António Afonso; Gabriela Baquero Fraga. "Government spending efficiency in Latin America". Empirica (2023): https://doi.org/10.1007/s10663-023-09599-4.
    10.1007/s10663-023-09599-4
  16. António Afonso; M. Carmen Blanco-Arana. "Unemployment and Financial Development: Evidence for OECD Countries". Comparative Economic Studies (2023): https://doi.org/10.1057/s41294-023-00227-5.
    10.1057/s41294-023-00227-5
  17. António Afonso; José Carlos Coelho. "Fiscal and current account imbalances: The cases of Germany and Portugal". The World Economy (2023): https://doi.org/10.1111/twec.13528.
    10.1111/twec.13528
  18. António Afonso; Cristina Badarau; Camélia Turcu. "Introduction to INFER special issue on “new aspects of economic and financial integration”". The World Economy (2023): https://doi.org/10.1111/twec.13517.
    10.1111/twec.13517
  19. António Afonso; José Carlos Coelho. "Public finances solvency in the Euro Area". Economic Analysis and Policy (2023): https://doi.org/10.1016/j.eap.2022.12.027.
    10.1016/j.eap.2022.12.027
  20. Afonso, A.; Alves, J.. "Does government spending efficiency improve fiscal sustainability?". European Journal of Political Economy (2023): http://www.scopus.com/inward/record.url?eid=2-s2.0-85163193944&partnerID=MN8TOARS.
    10.1016/j.ejpoleco.2023.102403
  21. Afonso, A.; Jalles, J.T.; Venter, Z.. "Minimum wage and collective bargaining shocks: A narrative database for advanced economies". IZA Journal of Labor Policy 13 1 (2023): http://www.scopus.com/inward/record.url?eid=2-s2.0-85166401286&partnerID=MN8TOARS.
    10.2478/izajolp-2023-0001
  22. António Afonso; Philemon Kwame Opoku. "The nexus between fiscal and current account imbalances in OECD economies". Applied Economics (2022): https://doi.org/10.1080/00036846.2022.2097188.
    10.1080/00036846.2022.2097188
  23. Afonso, António; Coelho, José Carlos. "Current Account targeting hypothesis versus twin deficit hypothesis: the European Monetary Union experience of Portugal". Cuadernos Económicos de ICE 103 (2022): http://dx.doi.org/10.32796/cice.2022.103.7468.
    10.32796/cice.2022.103.7468
  24. António Afonso; Emanuel Reis Leão; Dilson Tiny; Diptes C. P. Bhimjee. "Sustentabilidade Fiscal nas Economias PALOP". Notas Económicas (2022): https://doi.org/10.14195/2183-203X_54_3.
    10.14195/2183-203X_54_3
  25. António Afonso; M. Carmen Blanco-Arana. "Financial and economic development in the context of the global 2008-09 financial crisis". International Economics (2022): https://doi.org/10.1016/j.inteco.2021.11.006.
    10.1016/j.inteco.2021.11.006
  26. Afonso, A.; Reimers, M.. "Does the introduction of stock exchange markets boost economic growth in African countries?". Journal of Comparative Economics (2022): http://www.scopus.com/inward/record.url?eid=2-s2.0-85123695172&partnerID=MN8TOARS.
    10.1016/j.jce.2022.01.006
  27. Afonso, A.; Tovar Jalles, J.; Venâncio, A.. "Do financial markets reward government spending efficiency?". Journal of International Financial Markets, Institutions and Money 77 (2022): http://www.scopus.com/inward/record.url?eid=2-s2.0-85123921131&partnerID=MN8TOARS.
    10.1016/j.intfin.2022.101505
  28. Afonso, A.; Alves, J.; Jalles, J.T.. "The (non-)Keynesian effects of fiscal austerity: New evidence from a large sample". Economic Systems (2022): http://www.scopus.com/inward/record.url?eid=2-s2.0-85129978232&partnerID=MN8TOARS.
    10.1016/j.ecosys.2022.100981
  29. Afonso, A.; Coelho, J.C.. "The role of fiscal policies for external imbalances: Evidence from the European Union". Economic Systems (2022): http://www.scopus.com/inward/record.url?eid=2-s2.0-85129923013&partnerID=MN8TOARS.
    10.1016/j.ecosys.2022.100985
  30. Afonso, A.; Carvalho, F.T.. "Time-varying cyclicality of fiscal policy: The case of the Euro area". North American Journal of Economics and Finance 62 (2022): http://www.scopus.com/inward/record.url?eid=2-s2.0-85135166397&partnerID=MN8TOARS.
    10.1016/j.najef.2022.101778
  31. Afonso, A; Alves, J; Jalles, JT. "To consolidate or not to consolidate? A multi-step analysis to assess needed fiscal sustainability". International Economics (2022):
    10.1016/j.inteco.2022.09.005
  32. António Afonso; Eduardo de Sá Fortes Leitão Rodrigues. "Corruption and economic growth: does the size of the government matter?". Economic Change and Restructuring (2021): https://doi.org/10.1007/s10644-021-09338-4.
    10.1007/s10644-021-09338-4
  33. António Afonso; Maria João Guedes; Pankaj C. Patel; Afonso, A.; Guedes, M.J.; Patel, P.C.. "Labour Productivity in State-Owned Enterprises". Comparative Economic Studies (2021): https://doi.org/10.1057/s41294-021-00148-1.
    10.1057/s41294-021-00148-1
  34. Afonso, A.; Jalles, J.T.; Venâncio, A.. "Taxation and Public Spending Efficiency: An International Comparison". Comparative Economic Studies (2021): http://www.scopus.com/inward/record.url?eid=2-s2.0-85104540613&partnerID=MN8TOARS.
    10.1057/s41294-021-00147-2
  35. Afonso, A.; Alves, J.; Jalles, J.. "Economic and Financial Adjustments in Europe: An Introduction". Comparative Economic Studies (2021): http://www.scopus.com/inward/record.url?eid=2-s2.0-85111619463&partnerID=MN8TOARS.
    10.1057/s41294-021-00164-1
  36. Afonso, António; Jalles, Joao Tovar. "Fiscal Reaction Functions in the EU: A Tale of ¿r-g¿ and Whether it Matters.". Revue française d'économie XXXVI (2021): 65-101. https://www.cairn.info/revue-francaise-d-economie-2021-3-page-65.htm.
    Published
  37. António Afonso; Mina Kazemi. "Sovereign bond yield spreads spillovers in the Economic and Monetary Union". International Journal of Finance & Economics (2020): https://doi.org/10.1002/ijfe.2290.
    10.1002/ijfe.2290
  38. António Afonso; Frederico Silva Leal. "Fiscal episodes in the Economic and Monetary Union: Elasticities and non-Keynesian effects". International Journal of Finance & Economics (2020): https://doi.org/10.1002/ijfe.2169.
    10.1002/ijfe.2169
  39. Afonso, A.; Jalles, J.T.. "Stock flow adjustments in sovereign debt dynamics: The role of fiscal frameworks". International Review of Economics and Finance 65 (2020): 1-16. http://www.scopus.com/inward/record.url?eid=2-s2.0-85072634930&partnerID=MN8TOARS.
    10.1016/j.iref.2019.09.007
  40. Afonso, A.; Cerqueira, P.; Stoian, A.. "Fiscal Policy in Europe: An Introduction". Comparative Economic Studies (2020): http://www.scopus.com/inward/record.url?eid=2-s2.0-85089070164&partnerID=MN8TOARS.
    10.1057/s41294-020-00132-1
  41. Afonso, A; Jalles, JT; Kazemi, M. "The effects of macroeconomic, fiscal and monetary policy announcements on sovereign bond spreads". INTERNATIONAL REVIEW OF LAW AND ECONOMICS (2020):
    10.1016/j.irle.2020.105924
  42. António Afonso; João Tovar Jalles; Afonso, A.; Jalles, J.T.. "Sovereign indebtedness and financial and fiscal conditions". Applied Economics Letters (2019): https://doi.org/10.1080/13504851.2019.1707758.
    10.1080/13504851.2019.1707758
  43. António Afonso; Ana Venâncio. "Local territorial reform and regional spending efficiency". Local Government Studies (2019): https://doi.org/10.1080/03003930.2019.1690995.
    10.1080/03003930.2019.1690995
  44. José Alves; António Afonso. "Tax structure for consumption and income inequality: an empirical assessment". SERIEs (2019): https://doi.org/10.1007/s13209-019-00202-3.
    10.1007/s13209-019-00202-3
  45. António Afonso; Yasfir Ibraimo. "The macroeconomic effects of public debt: an empirical analysis of Mozambique". Applied Economics (2019): https://doi.org/10.1080/00036846.2019.1644445.
    10.1080/00036846.2019.1644445
  46. António Afonso; José Alves; Raquel Balhote. "Interactions between monetary and fiscal policies". Journal of Applied Economics (2019): https://doi.org/10.1080/15140326.2019.1583309.
    10.1080/15140326.2019.1583309
  47. Afonso, A.; Jalles, J.T.. "Fiscal Rules and Government Financing Costs". Fiscal Studies (2019): http://www.scopus.com/inward/record.url?eid=2-s2.0-85061325873&partnerID=MN8TOARS.
    10.1111/1475-5890.12182
  48. Afonso, A.; Jalles, J.T.. "A Note on Inflation Dynamics, Price Volatility, and Fiscal Activism". Macroeconomic Dynamics (2019): http://www.scopus.com/inward/record.url?eid=2-s2.0-85062022216&partnerID=MN8TOARS.
    10.1017/S1365100518000688
  49. Afonso, A.; Jalles, J.T.; António Afonso; João Tovar Jalles; Depeco; Afonso, António; Jalles, João Tovar. "The Fiscal consequences of deflation: Evidence from the Golden Age of Globalization". Quarterly Review of Economics and Finance (2019): http://www.scopus.com/inward/record.url?eid=2-s2.0-85064498775&partnerID=MN8TOARS.
    10.1016/j.qref.2019.01.016
  50. Afonso, A.; Leal, F.S.. "Fiscal multipliers in the Eurozone: an SVAR analysis". Applied Economics (2019): http://www.scopus.com/inward/record.url?eid=2-s2.0-85065844183&partnerID=MN8TOARS.
    10.1080/00036846.2019.1616068
  51. Afonso, A.; Silva, J.. "Effects of euro area monetary policy on institutional sectors: The case of Portugal". Cuadernos de Economia 42 120 (2019): 219-236. http://www.scopus.com/inward/record.url?eid=2-s2.0-85066313779&partnerID=MN8TOARS.
    10.32826/cude.v42i120.81
  52. Afonso, A.; Jalles, J.T.. "Fiscal reaction functions across the world: In quest of statistical (in)significance". FinanzArchiv 75 3 (2019): 207-228. http://www.scopus.com/inward/record.url?eid=2-s2.0-85075334109&partnerID=MN8TOARS.
    10.1628/fa-2018-0023
  53. Afonso, A.; Huart, F.; Jalles, J.T.; Stanek, P.. "Long-run relationship between exports and imports: current account sustainability tests for the EU". Portuguese Economic Journal (2019): http://www.scopus.com/inward/record.url?eid=2-s2.0-85077031601&partnerID=MN8TOARS.
    10.1007/s10258-019-00168-x
  54. Afonso, A.; Schuknecht, L.. "How “big” should government be?". Economics and Business Letters 8 2 (2019): 85-96. http://www.scopus.com/inward/record.url?eid=2-s2.0-85079840672&partnerID=MN8TOARS.
    10.17811/ebl.8.2.2019.85-96
  55. Afonso, A; Jalles, JT. "Sovereign Ratings and Finance Ministers' Characteristics". ECONOMICS BULLETIN (2019):
  56. António Afonso; João Tovar Jalles. "Quantitative Easing and Sovereign Yield Spreads: Euro-Area Time-Varying Evidence". Journal of International Financial Markets, Institutions and Money (2018): https://doi.org/10.1016/j.intfin.2018.10.003.
    10.1016/j.intfin.2018.10.003
  57. António Afonso; Miguel St. Aubyn. "Economic growth, public, and private investment returns in 17 OECD economies". Portuguese Economic Journal (2018): https://doi.org/10.1007/s10258-018-0143-7.
    10.1007/s10258-018-0143-7
  58. Afonso, Antonio; Silva, Jorge. "Debt crisis and 10-year sovereign yields in Ireland and in Portugal". Applied Economics Letters 25 4 (2018): 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
  59. Afonso, Antonio; Baxa, Jaromir; Slavik, Michal. "Fiscal developments and financial stress: a threshold VAR analysis". Empirical Economics 54 2 (2018): 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
  60. Afonso, Antonio; Kazemi, Mina; Afonso, A.; Kazemi, M.. "Euro Area Sovereign Yields and the Power of Unconventional Monetary Policy". Finance a Uver-Czech Journal of Economics and Finance 68 2 (2018): 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.
    10.2139/ssrn.3001682
  61. Afonso, A.; Jalles, J.T.; Afonso, António; Jalles, João Tovar. "Economic volatility and sovereign yields? determinants: a time-varying approach". Empirical Economics (2018): http://www.scopus.com/inward/record.url?eid=2-s2.0-85051527988&partnerID=MN8TOARS.
    10.1007/s00181-018-1540-6
  62. Afonso, António; Afonso, A.; Gonçalves, L.. "The policy mix in the US and EMU: Evidence from a SVAR analysis". North American Journal of Economics and Finance (2018): http://www.scopus.com/inward/record.url?eid=2-s2.0-85052947660&partnerID=MN8TOARS.
    10.1016/j.najef.2018.08.023
  63. Afonso, A.; Huart, F.; Jalles, J.T.; Stanek, P.; Stanek, P.L.. "Assessing the sustainability of external imbalances in the European Union". World Economy (2018): http://www.scopus.com/inward/record.url?eid=2-s2.0-85052804624&partnerID=MN8TOARS.
    10.1111/twec.12709
  64. Afonso, A.; Alves, J.. "Short and long-term interest rate risk: The sovereign balance-sheet nexus". Finance Research Letters (2018): http://www.scopus.com/inward/record.url?eid=2-s2.0-85057397226&partnerID=MN8TOARS.
    10.1016/j.frl.2018.11.014
  65. António Afonso; João Tovar Jalles. "Euro area time-varying fiscal sustainability". International Journal of Finance & Economics 22 3 (2017): 244-254. https://doi.org/10.1002/ijfe.1582.
    10.1002/ijfe.1582
  66. Afonso, A.; Tovar Jalles, J.. "Sovereign Debt Composition and Time-Varying Public Finance Sustainability". North American Journal of Economics and Finance 42 (2017): 144-155. http://www.scopus.com/inward/record.url?eid=2-s2.0-85030472758&partnerID=MN8TOARS.
    10.1016/j.najef.2017.07.008
  67. Afonso, A.; Silva, J.; Afonso, António; Silva, Jorge. "Current account balance cyclicality". Applied Economics Letters 24 13 (2017): 911-917. http://www.scopus.com/inward/record.url?eid=2-s2.0-84990877438&partnerID=MN8TOARS.
    10.1080/13504851.2016.1240333
  68. Afonso, A.; Jalles, J.T.. "Fiscal Episodes and Market Power". Open Economies Review 28 2 (2017): 233-250. http://www.scopus.com/inward/record.url?eid=2-s2.0-84991058617&partnerID=MN8TOARS.
    10.1007/s11079-016-9419-7
  69. Afonso, Antonio; Silva, Jorge; Afonso, A.; Silva, J.; Afonso, António. "Determinants of nonresident government debt ownership". Applied Economics Letters 24 2 (2017): 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
  70. Afonso, Antonio; Alves, Jose; Afonso, António; Alves, José. "Reconsidering Wagner's law: evidence from the functions of the government". Applied Economics Letters 24 5 (2017): 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
  71. Afonso, Antonio; Jalles, Joao Tovar; Afonso, A.; Jalles, J.T.. "The Price Relevance of Fiscal Developments". International Economic Journal 31 1 (2017): 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
  72. Afonso, Antonio; Jalles, Joao Tovar; Afonso, António; Jalles, João Tovar. "Budgetary decomposition and yield spreads". Applied Economics Letters 23 15 (2016): 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
  73. Afonso, Antonio; Jalles, Joao Tovar; Afonso, A.; Jalles, J.T.. "Economic performance, government size, and institutional quality". Empirica 43 1 (2016): 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
  74. Afonso, Antonio; Jalles, Joao Tovar; Afonso, António; Jalles, João Tovar. "Markups' cyclical behaviour: the role of demand and supply shocks". Applied Economics Letters 23 1 (2016): 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
  75. Afonso, Antonio; Venancio, Ana. "The relevance of commuting zones for regional spending efficiency". Applied Economics 48 10 (2016): 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
  76. Afonso, A.; Martins, L.; Afonso, António; Martins, Luís. "Monetary Developments and Expansionary Fiscal Consolidations: Evidence from the EMU". International Journal of Finance and Economics 21 3 (2016): 247-265. http://www.scopus.com/inward/record.url?eid=2-s2.0-84952001139&partnerID=MN8TOARS.
    10.1002/ijfe.1544
  77. Afonso, A.; Jalles, J.T.. "The elusive character of fiscal sustainability". Applied Economics 48 28 (2016): 2651-2664. http://www.scopus.com/inward/record.url?eid=2-s2.0-84953259520&partnerID=MN8TOARS.
    10.1080/00036846.2015.1128074
  78. Ramzi, S.; Afonso, A.; Ayadi, M.; Afonso, António; Ayadi, Mohamed; Ramzi, Sourour. "Assessment of efficiency in basic and secondary education in Tunisia: A regional analysis". International Journal of Educational Development 51 (2016): 62-76. http://www.scopus.com/inward/record.url?eid=2-s2.0-84984704883&partnerID=MN8TOARS.
    10.1016/j.ijedudev.2016.08.003
  79. Afonso, A.; Arghyrou, M.; Dufrénot, G.. "Economics and financial adjustments in Europe". Economic Modelling 44 (2015): 317-318. http://www.scopus.com/inward/record.url?eid=2-s2.0-84914165917&partnerID=MN8TOARS.
    10.1016/S0264-9993(14)00442-8
  80. Afonso, A.; Arghyrou, M.G.; Bagdatoglou, G.; Kontonikas, A.. "On the time-varying relationship between EMU sovereign spreads and their determinants". Economic Modelling 44 (2015): 363-371. http://www.scopus.com/inward/record.url?eid=2-s2.0-84914115051&partnerID=MN8TOARS.
    10.1016/j.econmod.2014.07.025
  81. Afonso, Antonio; Alves, Jose. "The Role of Government Debt in Economic Growth". Hacienda Publica Espanola-Review of Public Economics 215 (2015): 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
  82. Afonso, Antonio; Silva, Jorge; Afonso, A.. "The track record of fiscal forecasting in the EU". Economics Bulletin 35 2 (2015): 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.
  83. Afonso, Antonio; Jalles, Joao Tovar. "How Does Fiscal Policy Affect Investment? Evidence from a Large Panel". International Journal of Finance & Economics 20 4 (2015): 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
  84. Afonso, Alexandre; Zartaloudis, Sotirios; Papadopoulos, Yannis. "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 (2015): 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
  85. Afonso, Antonio; Rault, Christophe. "Multi-step analysis of public finances sustainability". Economic Modelling 48 (2015): 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
  86. Afonso, Antonio; Guimaraes, Ana Sofia. "The relevance of fiscal rules for fiscal and sovereign yield developments". Applied Economics Letters 22 11 (2015): 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
  87. Afonso, A.; Rault, C.. "Short- and long-run behaviour of long-term sovereign bond yields". Applied Economics 47 37 (2015): 3971-3993. http://www.scopus.com/inward/record.url?eid=2-s2.0-84929946343&partnerID=MN8TOARS.
    10.1080/00036846.2015.1023940
  88. Afonso, A.; Jalles, J.T.; Afonso, Antonio; Jalles, Joao Tovar. "Fiscal sustainability: a panel assessment for advanced economies". Applied Economics Letters 22 11 (2015): 925-929. http://www.scopus.com/inward/record.url?eid=2-s2.0-84928624516&partnerID=MN8TOARS.
    10.1080/13504851.2014.987913
  89. Afonso, Antonio; Nunes, Ana Sofia. "Economic forecasts and sovereign yields". Economic Modelling 44 (2015): 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
  90. Afonso, A.; Jalles, J.T.. "A longer-run perspective on fiscal sustainability". Empirica 41 4 (2014): 821-847. http://www.scopus.com/inward/record.url?eid=2-s2.0-84889038094&partnerID=MN8TOARS.
    10.1007/s10663-013-9240-0
  91. Afonso, A.; Jalles, J.T.. "Assessing fiscal episodes". Economic Modelling 37 (2014): 255-270. http://www.scopus.com/inward/record.url?eid=2-s2.0-84890175486&partnerID=MN8TOARS.
    10.1016/j.econmod.2013.10.035
  92. Afonso, A.; Jalles, J.T.. "Causality for the government budget and economic growth". Applied Economics Letters 21 17 (2014): 1198-1201. http://www.scopus.com/inward/record.url?eid=2-s2.0-84909975061&partnerID=MN8TOARS.
    10.1080/13504851.2014.916383
  93. Afonso, A.; Jalles, J.T.; Afonso, Antonio; Jalles, Joao Tovar. "Fiscal composition and long-term growth". Applied Economics 46 3 (2014): 349-358. http://www.scopus.com/inward/record.url?eid=2-s2.0-84886830250&partnerID=MN8TOARS.
    10.1080/00036846.2013.848030
  94. Afonso, Antonio; Gomes, Pedro. "Interactions between private and public sector wages". Journal of Macroeconomics 39 (2014): 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
  95. Afonso, Antonio; Arghyrou, Michael G.; Kontonikas, Alexandros. "PRICING SOVEREIGN BOND RISK IN THE EUROPEAN MONETARY UNION AREA: AN EMPIRICAL INVESTIGATION". International Journal of Finance & Economics 19 1 (2014): 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
  96. Afonso, Antonio; Gomes, Pedro; Taamouti, Abderrahim. "Sovereign credit ratings, market volatility, and financial gains". Computational Statistics & Data Analysis 76 (2014): 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
  97. Afonso, A.; Jalles, J.T.; Afonso, António; Jalles, João Tovar. "Do fiscal rules matter for growth?". Applied Economics Letters 20 1 (2013): 34-40. http://www.scopus.com/inward/record.url?eid=2-s2.0-84861569726&partnerID=MN8TOARS.
    10.1080/13504851.2012.674198
  98. Afonso, A.; Costa, L.F.; Afonso, António; Costa, Luís F.. "Market power and fiscal policy in OECD countries". Applied Economics 45 32 (2013): 4509-4519. http://www.scopus.com/inward/record.url?eid=2-s2.0-84879444061&partnerID=MN8TOARS.
    10.1080/00036846.2013.795275
  99. Afonso, A.; St. Aubyn, M.; Afonso, António; St. Aubyn, Miguel. "Public and private inputs in aggregate production and growth: A cross-country efficiency approach". Applied Economics 45 32 (2013): 4487-4502. http://www.scopus.com/inward/record.url?eid=2-s2.0-84896938185&partnerID=MN8TOARS.
    10.1080/00036846.2013.791018
  100. Afonso, Antonio; Jalles, Joao Tovar; Afonso, António; Jalles, João Tovar. "The cyclicality of education, health, and social security government spending". Applied Economics Letters 20 7 (2013): 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
  101. Afonso, A.; Jalles, J.T.; Afonso, António; Jalles, João Tovar. "Measuring the success of fiscal consolidations". Applied Financial Economics 22 13 (2012): 1053-1061. http://www.scopus.com/inward/record.url?eid=2-s2.0-84859313592&partnerID=MN8TOARS.
    10.1080/09603107.2011.637894
  102. Afonso, A.; Jalles, J.T.. "Fiscal volatility, financial crises and growth". Applied Economics Letters 19 18 (2012): 1821-1826. http://www.scopus.com/inward/record.url?eid=2-s2.0-84861163398&partnerID=MN8TOARS.
    10.1080/13504851.2012.667531
  103. Afonso, A.; Martins, M.M.F.. "Level, slope, curvature of the sovereign yield curve, and fiscal behaviour". Journal of Banking and Finance 36 6 (2012): 1789-1807. http://www.scopus.com/inward/record.url?eid=2-s2.0-84859646372&partnerID=MN8TOARS.
    10.1016/j.jbankfin.2012.02.004
  104. Afonso, Antonio; Sousa, Ricardo M.; Afonso, António. "The macroeconomic effects of fiscal policy". Applied Economics 44 34 (2012): 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
  105. Afonso, Antonio; Furceri, Davide; Gomes, Pedro. "Sovereign credit ratings and financial markets linkages: Application to European data". Journal of International Money and Finance 31 3 (2012): 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
  106. Afonso, A.; Gomes, P.; Afonso, António; Gomes, Pedro. "Do fiscal imbalances deteriorate sovereign debt ratings?". Revue Economique 62 6 (2011): 1123-1134. http://www.scopus.com/inward/record.url?eid=2-s2.0-84856855180&partnerID=MN8TOARS.
    10.3917/reco.626.1123
  107. Afonso, A.; Sousa, R.M.. "The macroeconomic effects of fiscal policy in Portugal: A Bayesian SVAR analysis". Portuguese Economic Journal 10 1 (2011): 61-82. http://www.scopus.com/inward/record.url?eid=2-s2.0-79953024848&partnerID=MN8TOARS.
    10.1007/s10258-011-0071-2
  108. Afonso, A.; Sousa, R.M.. "What are the effects of fiscal policy on asset markets?". Economic Modelling 28 4 (2011): 1871-1890. http://www.scopus.com/inward/record.url?eid=2-s2.0-79956207125&partnerID=MN8TOARS.
    10.1016/j.econmod.2011.03.018
  109. Afonso, A.; St. Aubyn, M.. "Assessing health efficiency across countries with a two-step and bootstrap analysis". Applied Economics Letters 18 15 (2011): 1427-1430. http://www.scopus.com/inward/record.url?eid=2-s2.0-79961048423&partnerID=MN8TOARS.
    10.1080/13504851.2010.541149
  110. Afonso, A.; Alegre, J.G.; Afonso, António; Gonzalez Alegre, Juan; González Alegre, Juan. "Economic growth and budgetary components: A panel assessment for the EU". Empirical Economics 41 3 (2011): 703-723. http://www.scopus.com/inward/record.url?eid=2-s2.0-80955157444&partnerID=MN8TOARS.
    10.1007/s00181-010-0400-9
  111. Afonso, A; Gomes, P; Rother, P. "SHORT- AND LONG-RUN DETERMINANTS OF SOVEREIGN DEBT CREDIT RATINGS". International Journal of Finance & Economics 16 1 (2011): 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
  112. Afonso, A.; Jalles, J.. "Appraising fiscal reaction functions". Economics Bulletin 31 4 (2011): 3320-3330. http://www.scopus.com/inward/record.url?eid=2-s2.0-84855300114&partnerID=MN8TOARS.
  113. Afonso, António; Sousa, Ricardo M.. "The macroeconomic effects of fiscal policy in portugal : a bayesian SVAR analysis". (2011): http://hdl.handle.net/1822/11966.
    Open access • 10.1007/s10258-011-0071-2
  114. Afonso, António; Sousa, Ricardo M.. "What are the effects of fiscal policy on asset markets?". (2011): http://hdl.handle.net/1822/12847.
    10.1016/j.econmod.2011.03.018
  115. Afonso, A.; Claeys, P.; Sousa, R.M.. "Fiscal regime shifts in Portugal". Portuguese Economic Journal 10 2 (2011): 83-108. http://www.scopus.com/inward/record.url?eid=2-s2.0-79960294155&partnerID=MN8TOARS.
    10.1007/s10258-010-0065-5
  116. Afonso, A.; Sousa, R.M.; Agnello, L.; Furceri, D.. "Assessing long-term fiscal developments: Evidence from Portugal". Applied Economics Letters 18 1 (2011): 1-5. http://www.scopus.com/inward/record.url?eid=2-s2.0-78650555407&partnerID=MN8TOARS.
    10.1080/13504850903425090
  117. Rault, C.; Afonso, A.. "Long-run determinants of sovereign yields". Economics Bulletin 31 1 (2011): 367-374. http://www.scopus.com/inward/record.url?eid=2-s2.0-79952342884&partnerID=MN8TOARS.
    Afonso, António e Christopher Rault. 2010. "Short and long-run behaviour of long-term sovereign bond yields". Instituto Superior de Economia e Gestão. DE Working papers ; nº19-2010/DE/UECE.
  118. Afonso, A.. "Expansionary fiscal consolidations in Europe: New evidence". Applied Economics Letters 17 2 (2010): 105-109. http://www.scopus.com/inward/record.url?eid=2-s2.0-70949107079&partnerID=MN8TOARS.
    10.1080/13504850701719892
  119. Afonso, A.; St.Aubyn, M.. "Public and private investment rates of return: Evidence for industrialized countries". Applied Economics Letters 17 9 (2010): 839-843. http://www.scopus.com/inward/record.url?eid=2-s2.0-77953646030&partnerID=MN8TOARS.
    10.1080/13504850802599425
  120. Afonso, A.; Schuknecht, L.; Tanzi, V.. "Public sector efficiency: Evidence for new EU member states and emerging markets". Applied Economics 42 17 (2010): 2147-2164. http://www.scopus.com/inward/record.url?eid=2-s2.0-77954398276&partnerID=MN8TOARS.
    10.1080/00036840701765460
  121. Afonso, A.; Afonso, António. "Long-term government bond yields and economic forecasts: Evidence for the EU". Applied Economics Letters 17 15 (2010): 1437-1441. http://www.scopus.com/inward/record.url?eid=2-s2.0-77957581774&partnerID=MN8TOARS.
    10.1080/13504850903049627
  122. Afonso, A.; Rault, C.; AFONSO, A; RAULT, C. "What do we really know about fiscal sustainability in the EU? A panel data diagnostic". Review of World Economics 145 4 (2010): 731-755. http://www.scopus.com/inward/record.url?eid=2-s2.0-75549085119&partnerID=MN8TOARS.
    10.1007/s10290-009-0034-1
  123. Afonso, A; Furceri, D; Anto´nio Afonso; Davide Furceri; Afonso, António; Furceri, Davide. "Government size, composition, volatility and economic growth". European Journal of Political Economy 26 4 (2010): 517-532. http://hdl.handle.net/10400.5/2329.
    10.1016/j.ejpoleco.2010.02.002
  124. Afonso, A.. "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 (2009): 1-2. http://www.scopus.com/inward/record.url?eid=2-s2.0-59649106409&partnerID=MN8TOARS.
    10.1007/s00712-009-0060-4
  125. Afonso, A.; Gomes, P.; Rother, P.. "Ordered response models for sovereign debt ratings". Applied Economics Letters 16 8 (2009): 769-773. http://www.scopus.com/inward/record.url?eid=2-s2.0-67650096279&partnerID=MN8TOARS.
    10.1080/13504850701221931
  126. Afonso, A.; Furceri, D.. "Sectoral business cycle synchronization in the European Union". Economics Bulletin 29 4 (2009): 2996-3014. http://www.scopus.com/inward/record.url?eid=2-s2.0-77953585325&partnerID=MN8TOARS.
  127. Rault, C.; Afonso, A.; Anto´nio Afonso; Christophe Rault. "Bootstrap panel granger-causality between government budget and external deficits for the EU". Economics Bulletin 29 2 (2009): 1027-1034. http://www.scopus.com/inward/record.url?eid=2-s2.0-77953501130&partnerID=MN8TOARS.
  128. Afonso, A.; St. Aubyn, M.; Afonso, António; St. Aubyn, Miguel. "Macroeconomic rates of return of public and private investment: Crowding-in and crowding-out effects". Manchester School 77 SUPPL. 1 (2009): 21-39. http://www.scopus.com/inward/record.url?eid=2-s2.0-68349108236&partnerID=MN8TOARS.
    10.1111/j.1467-9957.2009.02117.x
  129. Afonso, A.; Fernandes, S.. "Assessing and explaining the relative efficiency of local government". Journal of Socio-Economics 37 5 (2008): 1946-1979. http://www.scopus.com/inward/record.url?eid=2-s2.0-51049114026&partnerID=MN8TOARS.
    10.1016/j.socec.2007.03.007
  130. Afonso, A.. "Ricardian fiscal regimes in the European Union". Empirica 35 3 (2008): 313-334. http://www.scopus.com/inward/record.url?eid=2-s2.0-47249143286&partnerID=MN8TOARS.
    10.1007/s10663-008-9066-3
  131. Afonso, A.; Claeys, P.. "The dynamic behaviour of budget components and output". Economic Modelling 25 1 (2008): 93-117. http://www.scopus.com/inward/record.url?eid=2-s2.0-37349022846&partnerID=MN8TOARS.
    10.1016/j.econmod.2007.04.016
  132. Afonso, António; Santos, Mariana. "A DEA approach to the relative efficiency of portuguese public universities". Portuguese Journal of Management Studies (2008): https://www.authenticus.pt/P-010-NGG.
  133. Afonso, A.; Strauch, R.; Afonso, António; Strauch, Rolf; Anto´nio Afonso; Rolf Strauch. "Fiscal policy events and interest rate swap spreads: Evidence from the EU". Journal of International Financial Markets, Institutions and Money 17 3 (2007): 261-276. http://www.scopus.com/inward/record.url?eid=2-s2.0-34248634593&partnerID=MN8TOARS.
    10.1016/j.intfin.2005.12.002
  134. Rault, C.; Afonso, A.. "Should we care for structural breaks when assessing fiscal sustainability?". Economics Bulletin 3 63 (2007): http://www.scopus.com/inward/record.url?eid=2-s2.0-38049153605&partnerID=MN8TOARS.
  135. AFONSO, A; GASPAR, V. "Dupuit, Pigou and cost of inefficiency in public services provision". PUBLIC CHOICE 132 3-4 (2007): 485-502.
    10.1007/s11127-007-9174-9
  136. Antonio Afonso; Christophe Rault. "Should we Care for Structural Breaks when Assessing Fiscal Sustainability?". Economics Bulletin (2007): https://halshs.archives-ouvertes.fr/halshs-00202656.
  137. Afonso, A.; Fernandes, S.. "Measuring local government spending efficiency: Evidence for the Lisbon region". Regional Studies 40 1 (2006): 39-53. http://www.scopus.com/inward/record.url?eid=2-s2.0-32144447673&partnerID=MN8TOARS.
    10.1080/00343400500449937
  138. AFONSO, A; AUBYN, MS; Afonso, António; St. Aubyn, Miguel. "Cross-country efficiency of secondary education provision: A semi-parametric analysis with non-discretionary inputs". ECONOMIC MODELLING 23 3 (2006): 476-491. http://hdl.handle.net/10400.5/2129.
    10.1016/j.econmod.2006.02.003
  139. AFONSO, A; NICKEL, C; ROTHER, PC. "Fiscal consolidations in the Central and Eastern European countries". REVIEW OF WORLD ECONOMICS 142 2 (2006): 402-421.
    10.1007/s10290-006-0073-9
  140. Afonso, A.. "Sustainability of fiscal policy in the EU-15". CESifo DICE Report 4 1 (2006): 34-38. http://www.scopus.com/inward/record.url?eid=2-s2.0-33746635938&partnerID=MN8TOARS.
  141. AFONSO, A; ST AUBYN, M. "Non-parametric approaches to education and health efficiency in OECD countries". JOURNAL OF APPLIED ECONOMICS 8 2 (2005): 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.
  142. AFONSO, A; SCHUKNECHT, L; TANZI, V. "Public sector efficiency: An international comparison". PUBLIC CHOICE 123 3-4 (2005): 321-347.
    10.1007/s11127-005-7165-2
  143. AFONSO, A; Afonso, António. "Fiscal sustainability: The unpleasant European case". FINANZARCHIV 61 1 (2005): 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.
    10.1628/0015221053722532
  144. Afonso, A.; Afonso, António. "Understanding the determinants of sovereign debt ratings: Evidence for the two leading agencies". Journal of Economics and Finance 27 1 (2003): 56-74. http://www.scopus.com/inward/record.url?eid=2-s2.0-11144332149&partnerID=MN8TOARS.
    10.1007/BF02751590
  145. Afonso, António; St. Aubyn, Miguel. "Credit rationing and monetary transmission : evidence for Portugal". Estudos de Economia (1999): https://www.authenticus.pt/P-010-NGH.
  146. Afonso, António Manuel Pedro. "Public deficits and inflation, some more results for Portugal". (1995): http://hdl.handle.net/10400.5/9398.
    Open access
  147. Afonso, António. "Public deficits and inflation, some more results for Portugal". Estudos de Economia (1995): https://www.authenticus.pt/P-010-NGJ.
  148. Afonso, António Manuel Pedro. "Causality between public deficits and the inflation : some tests for the portuguese case". (1993): http://hdl.handle.net/10400.5/9465.
    Open access
  149. Afonso, António. "Causality between public deficits and the inflation : some tests for the portuguese case". Estudos de Economia (1993): https://www.authenticus.pt/P-010-NGK.
Journal issue
  1. Afonso, António; Cerqueira, P. A.; Stoian, A.. "Fiscal Policy in Europe". Comparative Economic Studies 62 3 (2020):
    Published
Report
  1. António Afonso. 2017. A sustentabilidade da política orçamental em Portugal.
    10.13140/rg.2.2.12449.20329
Thesis / Dissertation
  1. Afonso, António. "Ensaios sobre politica orçamental". 2002. https://www.authenticus.pt/P-010-NGF.
  2. Afonso, António. "Défices públicos e inflação". Master, 1992. http://hdl.handle.net/10400.5/12421.
Working paper
  1. Afonso, António; Gonçalves, Luís; Afonso, A.; Gonçalves, L.. 2018. "The policy mix in the US and EMU : evidence from a SVAR analysis". http://hdl.handle.net/10400.5/16008.
    10.2139/ssrn.3117600
  2. Afonso, António; Ibraimo, Yasfir. 2018. "The macroeconomic effects of public debt : an empirical analysis of Mozambique". http://hdl.handle.net/10400.5/16009.
    10.1080/00036846.2019.1644445
  3. Afonso, António; Jalles, João; Afonso, A.; Jalles, J.T.. 2018. "Decomposing and analysing the determinants of current accounts’ cyclicality : evidence from the Euro Area". http://hdl.handle.net/10400.5/16023.
    10.2139/ssrn.3198781
  4. Afonso, António; Leal, Frederico Silva; Afonso, A.; Leal, F.S.. 2018. "Fiscal multipliers in the Eurozone : a SVAR analysis". http://hdl.handle.net/10400.5/16028.
    10.2139/ssrn.3225186
  5. Afonso, António; Sen, Huseyin; Kaya, Ayse; Afonso, A; Sen, H; Kaya, A; Afonso, A.; Sen, H.; Kaya, A.. 2018. "Government size, unemployment, and inflation nexus in eight large emerging market economies". http://hdl.handle.net/10400.5/16019.
    10.2139/ssrn.3174414
  6. Afonso, António; Blanco-Arana, M. Carmen; Afonso, A.; Blanco-Arana, M.C.. 2018. "Financial development and economic growth : a study for OECD countries in the context of crisis". http://hdl.handle.net/10400.5/16027.
    10.2139/ssrn.3224317
  7. Afonso, António; Alves, José; António Afonso; José Alves; Depeco; Afonso, A.; Alves, J.. 2017. "Stock-flow adjustments and interest rates". http://hdl.handle.net/10400.5/13137.
    10.13140/rg.2.2.24202.67526
  8. Afonso, António; Kazemi, Mina; Afonso, A.; Kazemi, M.. 2017. "Euro area sovereign yields and the power of QE". http://hdl.handle.net/10400.5/13930.
    10.2139/ssrn.3001682
  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.
    10.32826/cude.v42i120.81
  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.
    10.1016/j.intfin.2018.10.003
  13. Afonso, António; Cardoso, Pedro; Afonso, A.; Cardoso, P.. 2017. "Exchange-traded funds as an alternative investment option : a case study". http://hdl.handle.net/10400.5/15999.
    10.2139/ssrn.3091678
  14. Afonso, António; Jalles, João Tovar. 2017. "Sovereign debt effects and composition : evidence from time-varying estimates". http://hdl.handle.net/10400.5/13135.
    10.13140/rg.2.2.34269.00480
  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.
    10.13140/rg.2.2.30913.56162
  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; Afonso, A.; Jalles, J.T.. 2017. "Fiscal Activism and Price Volatility: Evidence from Advanced and Emerging Economies". http://www.scopus.com/inward/record.url?eid=2-s2.0-85115061878&partnerID=MN8TOARS.
    10.13140/rg.2.2.30913.56162
  18. António Afonso; André Albuquerque; Depeco; Afonso, A.; Albuquerque, A.. 2017. "Sovereign Credit Rating Mismatches". http://www.scopus.com/inward/record.url?eid=2-s2.0-85115469972&partnerID=MN8TOARS.
    10.13140/rg.2.2.19169.51040
  19. António Afonso; Frederico Silva Leal; Depeco. 2017. "Sovereign yield spreads in the EMU: crisis and structural determinants".
    10.13140/rg.2.2.22944.38400
  20. 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
  21. Afonso, António; Alcântara, Marcelo. 2016. "Euro area sovereign debt crisis and debt mutualisation". http://hdl.handle.net/10400.5/11098.
  22. Afonso, António; Reis, Manuel. 2016. "Revisiting sovereign bond spreads’ determinants in the EMU". http://hdl.handle.net/10400.5/11312.
  23. Afonso, António; St. Aubyn, Miguel. 2016. "Economic growth and public and private investment returns". http://hdl.handle.net/10400.5/12026.
  24. 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.
  25. Afonso, António; Jalles, João Tovar. 2015. "Fiscal Sustainability : A Panel Assessment for Advanced Economies". http://hdl.handle.net/10400.5/8143.
    10.1080/13504851.2014.987913
  26. Afonso, António; Jalles, João Tovar. 2015. "Fiscal episodes, technological progress and market power". http://hdl.handle.net/10400.5/9246.
  27. Afonso, António; Jalles, João Tovar. 2015. "Euro area time varying fiscal sustainability". http://hdl.handle.net/10400.5/9252.
  28. 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.
  29. Afonso, António; Carvalho, Rui. 2014. "Revenue forecast errors in the European Union". http://hdl.handle.net/10400.5/6518.
  30. Afonso, António; Alves, José. 2014. "The Role of Government Debt in Economic Growth". http://hdl.handle.net/10400.5/7410.
    10.7866/HPE-RPE.15.4.1
  31. Afonso, António; Balhote, Raquel. 2014. "Interactions between Monetary Policy and Fiscal Policy". http://hdl.handle.net/10400.5/7415.
  32. 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.
  33. Afonso, António; Guedes, Maria João. 2014. "EU Finance Ministers, capital markets and fiscal outcomes". http://hdl.handle.net/10400.5/6517.
  34. Afonso, António; Guimarães, Ana Sofia. 2014. "The relevance of fiscal rules for fiscal and yield developments". http://hdl.handle.net/10400.5/6521.
  35. Afonso, António; Jalles, João Tovar. 2014. "Causality for the government budget and economic growth". http://hdl.handle.net/10400.5/7421.
    10.1080/13504851.2014.916383
  36. Afonso, António; Felix, Ana Catarina Ramos; Félix, Ana Catarina Ramos. 2014. "Contagion in EU sovereign yield spreads". http://hdl.handle.net/10400.5/6520.
  37. Afonso, António; Gomes, Pedro; Taamouti, Abderrahim. 2014. "Sovereign credit ratings, market volatility, and financial gains". http://hdl.handle.net/10400.5/7422.
    10.1016/j.csda.2013.09.028
  38. Afonso, António. 2013. "Anatomy of a fiscal débacle: the case of Portugal". http://hdl.handle.net/10400.5/5164.
  39. Afonso, António; Toffano, Priscilla. 2013. "Fiscal regimes in the EU". http://hdl.handle.net/10400.5/5901.
  40. Afonso, António; Venâncio, Ana. 2013. "The relevance of commuting zones for regional spending efficiency". http://hdl.handle.net/10400.5/5991.
    10.1080/00036846.2015.1088145
  41. Afonso, António; Nunes, Ana Sofia. 2013. "Economic forecasts and sovereign yields". http://hdl.handle.net/10400.5/5165.
    10.1016/j.econmod.2014.03.012
  42. Afonso, António; Silva, Jorge. 2012. "The fiscal forecasting track record of the European Commission and Portugal". http://hdl.handle.net/10400.5/4887.
  43. Afonso, António; Jalles, João Tovar. 2012. "Revisiting fiscal sustainability: panel cointegration and structural breaks in OECD countries". http://hdl.handle.net/10400.5/4690.
  44. Afonso, António; Jalles, João Tovar. 2012. "The fiscal-growth nexus". http://hdl.handle.net/10400.5/3787.
  45. Afonso, António; Jalles, João Tovar. 2012. "Fiscal volatility, financial crises and growth". http://hdl.handle.net/10400.5/4147.
    10.1080/13504851.2012.667531
  46. 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.
  47. Afonso, António; Jalles, João Tovar. 2011. "Assessing fiscal episodes". http://hdl.handle.net/10400.5/3584.
    10.1016/j.econmod.2013.10.035
  48. Afonso, António; Jalles, João Tovar. 2011. "A longer-run perspective on fiscal stability". http://hdl.handle.net/10400.5/3586.
  49. Afonso, António; Jalles, João Tovar. 2011. "Linking investment and fiscal policies". http://hdl.handle.net/10400.5/3589.
  50. Afonso, António; Jalles, João Tovar; Afonso, Antonio; Jalles, Joao Tovar; Afonso, A.; Jalles, J.T.. 2011. "Growth and productivity : the role of government debt". http://hdl.handle.net/10400.5/3514.
    10.1016/j.iref.2012.07.004
  51. Afonso, António; Jalles, João Tovar. 2011. "Appraising fiscal reaction functions". http://hdl.handle.net/10400.5/3783.
  52. Afonso, António; Jalles, João Tovar. 2011. "Economic performance and government size". http://hdl.handle.net/10400.5/3860.
  53. Afonso, António; Sousa, Ricardo M.; Afonso, Antonio. 2011. "Consumption, wealth, stock and government bond returns : international evidence". http://hdl.handle.net/1822/11950.
    10.1111/j.1467-9957.2011.02247.x
  54. 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.
    10.1016/j.jimonfin.2012.01.016
  55. Afonso, António; Baxa, Jaromír; Slavík, Michal. 2011. "Fiscal developments and financial stress : a threshold VAR analysis". http://hdl.handle.net/10400.5/3292.
    10.1007/s00181-016-1210-5
  56. Afonso, António; Sequeira, Ana. 2010. "Revisiting business cycle synchronisation in the European Union". http://hdl.handle.net/10400.5/2859.
  57. 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
  58. Afonso, António; Martins, Manuel M. F.; António Afonso; Manuel Mota Freitas Martins. 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
  59. Afonso, António; Hauptmeier, Sebastian. 2009. "Fiscal behaviour in the European Union : rules, fiscal decentralization and government indebtedness". http://hdl.handle.net/10400.5/1865.
  60. Afonso, António; Rault, Christophe. 2009. "Bootstrap panel Granger-causality between government spending and revenue in the EU". http://hdl.handle.net/10400.5/2124.
  61. 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.
  62. Afonso, António; Sousa, Ricardo M.. 2009. "The macroeconomic effects of fiscal policy". http://hdl.handle.net/10400.5/2156.
    10.1080/00036846.2011.591732
  63. 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.
    10.1007/s10258-011-0071-2
  64. António Afonso; Christophe Rault; Antonio Afonso; Afonso, António; Rault, Christophe. 2008. "3-Step Analysis of Public Finances Sustainability: the Case of the European Union". https://hal.archives-ouvertes.fr/hal-00322086.
  65. Afonso, António; Afonso, A.. 2008. "Euler testing Ricardo and Barro in the EU". http://hdl.handle.net/10400.5/2347.
  66. 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.
    10.1016/j.jmacro.2013.12.003
  67. Afonso, António; Fernandes, Sónia. 2008. "Assessing Hospital Efficiency: Non-parametric Evidence for Portugal". http://hdl.handle.net/10400.5/2332.
  68. Afonso, António; Rault, Christophe. 2008. "Bootstrap Panel Granger-Causality Between Government spending and Revenue". http://hdl.handle.net/10400.5/2363.
  69. Afonso, António; Sousa, Ricardo M.. 2008. "Fiscal Policy, Housing and Stock Prices". http://hdl.handle.net/10400.5/2506.
  70. Afonso, António; Agnello, Luca; Furceri, Davide; Afonso, A; Agnello, L; Furceri, D; Afonso, A.; et al. 2008. "Fiscal Policy Responiveness, Persistence and Discretion". http://hdl.handle.net/10400.5/2486.
    10.1007/s11127.009.9577.x
  71. Afonso, António; Schknecht, Ludger; Tanzi, Vito; Schuknecht, Ludger; Afonso, A; Schuknecht, L; Tanzi, V; et al. 2008. "Income Distribution Determinants and Public Spending Efficiency". http://hdl.handle.net/10400.5/2330.
    10.1007/s10888-010-9138-z
  72. Antonio Afonso; Christophe Rault. 2008. "Budgetary and External Imbalances Relationship: a Panel Data Diagnostic". https://halshs.archives-ouvertes.fr/halshs-00364576.
  73. Antonio Afonso; Christophe Rault; Afonso, António; Rault, Christophe. 2008. "What do we Really Know about Fiscal Sustainability in the EU? A Panel Data Diagnostic". https://halshs.archives-ouvertes.fr/halshs-00202799.
  74. Afonso, António. 2007. "Public finances in Portugal: a brief long-run view". http://hdl.handle.net/10400.5/2566.
  75. Afonso, António; Claeys, Peter. 2007. "The dynamic behaviour of budget components and output". http://hdl.handle.net/10400.5/2135.
    10.1016/j.econmod.2007.04.016
  76. Afonso, António; Furceri, Davide. 2007. "Sectoral Business Cycle Synchronization in the European Union". http://hdl.handle.net/10400.5/2567.
  77. Afonso, António; Furceri, Davide. 2007. "Business Cycle Synchronization and Insurance Mechanisms in the EU". http://hdl.handle.net/10400.5/2595.
  78. 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.
  79. Antonio Afonso; Christophe Rault; Afonso, António; Rault, Christophe. 2007. "Should we care for structural breaks when assessing fiscal sustainability". https://halshs.archives-ouvertes.fr/halshs-00202803.
  80. Afonso, António. 2006. "Expansionary fiscal consolidations in Europe : new evidence". http://hdl.handle.net/10400.5/2133.
    10.1080/13504850701719892
  81. 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.
  82. Afonso, António; Scaglioni, Carla. 2006. "An Assessment of Telecommunications Regulation Performance in the European Union". http://hdl.handle.net/10400.5/2619.
  83. 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.
  84. 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.
  85. 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.
  86. Afonso, António; Gomes, Pedro; Rother, Philipp. 2006. "Ordered Response Models for Sovereign Debt Ratings". http://hdl.handle.net/10400.5/2656.
    10.1080/13504850701221931
  87. Afonso, António; Anto´nio Afonso. 2005. "Ricardian fiscal regimes in the European Union". http://hdl.handle.net/10400.5/2130.
    10.1007/s10663-008-9066-3
  88. Afonso, António; Scaglioni, Carla. 2005. "Public Services Efficiency Provision in Italian Regions: a Non-Parametric Analysis". http://hdl.handle.net/10400.5/2661.
  89. 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.
  90. 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.
  91. 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.
    10.1007/s10290-006-0073-9
  92. Afonso, António; Santos, Mariana. 2004. "Public Tertiary Education Expenditure in Portugal: a Non-Parametric Efficiency Analysis". http://hdl.handle.net/10400.5/2706.
  93. 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.
  94. Afonso, António; Fernandes, Sónia. 2003. "Efficiency of Local Government Spending: Evidence for the Lisbon Region". http://hdl.handle.net/10400.5/2732.
  95. Afonso, António; Schuknecht, Ludger; Tanzi, Vito. 2003. "Public sector efficiency: an international comparison". http://hdl.handle.net/10400.5/2125.
    10.1007/s11127-005-7165-2
  96. Afonso, António. 2002. "Disturbing the fiscal theory of the price level: can it fit the EU-15?". http://hdl.handle.net/10400.5/2735.
  97. Afonso, António. 2001. "Non-Keynesian Effects of Fiscal Policy in the EU-15". http://hdl.handle.net/10400.5/2744.
  98. Afonso, António. 2001. "Government indebtedness and european consumers behaviour". http://hdl.handle.net/10400.5/2749.
  99. Afonso, António. 2000. "Fiscal policy sustainability: some unpleasant European evidence". http://hdl.handle.net/10400.5/2755.
  100. Afonso, António; St. Aubyn, Miguel. 1997. "Is there credit rationing in portuguese banking?". http://hdl.handle.net/10400.5/22713.

Other

Other output
  1. The Effects of Monetary Policy Surprises and Fiscal Sustainability Regimes in the Euro Area. 2024. Afonso, A.; Alves, J.; Ionta, S.. http://www.scopus.com/inward/record.url?eid=2-s2.0-85184235285&partnerID=MN8TOARS.
    10.2139/ssrn.4711342
  2. The Paradox of Banking Prudential Regulation and Sovereign Risk. 2024. Teixeira, A.; Afonso, A.. http://www.scopus.com/inward/record.url?eid=2-s2.0-85189187150&partnerID=MN8TOARS.
    10.2139/ssrn.4776578
  3. Does Financial Inclusion Enhance Per Capita Income in the Least Developed Countries?. International Economics. 2024. Afonso, A.; Blanco-Arana, M.C.; António Afonso; M. Carmen Blanco-Arana. http://www.scopus.com/inward/record.url?eid=2-s2.0-85191047892&partnerID=MN8TOARS.
    10.2139/ssrn.4797268
  4. The Pressure is on: How Geopolitical Tensions Impact Institutional Fiscal and External Stability Responses. 2024. Afonso, A.; Alves, J.; Monteiro, S.. http://www.scopus.com/inward/record.url?eid=2-s2.0-85191716916&partnerID=MN8TOARS.
    10.2139/ssrn.4803854
  5. Budgetary Constrained Governments: Drivers of Time Varying Fiscal Sustainability in OECD Countries. 2024. Afonso, A.; Coelho, J.C.. http://www.scopus.com/inward/record.url?eid=2-s2.0-85196301938&partnerID=MN8TOARS.
    10.2139/ssrn.4856956
  6. Beyond the Centre: Tracing Decentralization's Influence on Time-Varying Fiscal Sustainability. International Review of Economics & Finance. 2024. Afonso, A.; Alves, J.; Jalles, J.T.; Monteiro, S.; António Afonso; José Alves; João Tovar Jalles; Sofia Monteiro. http://www.scopus.com/inward/record.url?eid=2-s2.0-85196008403&partnerID=MN8TOARS.
    10.2139/ssrn.4856951
  7. Bank's Risk-Taking Channel of Monetary Policy and Tltro: Evidence from the Eurozone. 2024. Afonso, A.; Ferreira, J.B.. http://www.scopus.com/inward/record.url?eid=2-s2.0-85195524587&partnerID=MN8TOARS.
    10.2139/ssrn.4842083
  8. The Role of Fiscal Policy Rating Variables on Economic Growth in the Ldcs. 2024. Afonso, A.; Blanco Arana, M.C.. http://www.scopus.com/inward/record.url?eid=2-s2.0-85199379924&partnerID=MN8TOARS.
    10.2139/ssrn.4893444
  9. Echoes of Instability: How Geopolitical Risks Shape Government Debt Holdings. 2024. Afonso, A.; Alves, J.; Monteiro, S.. http://www.scopus.com/inward/record.url?eid=2-s2.0-85201693812&partnerID=MN8TOARS.
  10. Government Spending and Tax Revenue Decentralization and Public Sector Efficiency: Do Natural Disasters Matter?. 2023. Afonso, A.; Jalles, J.T.; Venâncio, A.. http://www.scopus.com/inward/record.url?eid=2-s2.0-85160385221&partnerID=MN8TOARS.
    10.2139/ssrn.4456355
  11. Bank Regulation and Sovereign Risk: A Paradox. 2023. Afonso, A.; Teixeira, A.. http://www.scopus.com/inward/record.url?eid=2-s2.0-85160388987&partnerID=MN8TOARS.
    10.2139/ssrn.4456366
  12. Monetary Policy Surprises Shocks Under Different Fiscal Regimes: A Panel Analysis of the Euro Area. 2023. Afonso, A.; Alves, J.; Ionta, S.. http://www.scopus.com/inward/record.url?eid=2-s2.0-85170493529&partnerID=MN8TOARS.
    10.2139/ssrn.4561632
  13. Banks’ Portfolio of Government Debt and Sovereign Risk. 2023. Afonso, A.; Monteiro, S.; Alves, J.. http://www.scopus.com/inward/record.url?eid=2-s2.0-85174998117&partnerID=MN8TOARS.
    10.2139/ssrn.4608814
  14. Beyond Borders: Assessing the Influence of Geopolitical Tensions on Sovereign Risk Dynamics. European Journal of Political Economy. 2023. Afonso, A.; Alves, J.; Monteiro, S.; António Afonso; José Alves; Sofia Monteiro. http://www.scopus.com/inward/record.url?eid=2-s2.0-85180449992&partnerID=MN8TOARS.
    10.2139/ssrn.4659050
  15. On the Time-Varying Impact of China's Bilateral Political Relations on its Trading Partners (1960-2022). 2023. Afonso, A.; Mignon, V.; Saadaoui, J.. http://www.scopus.com/inward/record.url?eid=2-s2.0-85180797831&partnerID=MN8TOARS.
    10.2139/ssrn.4665574
  16. Fiscal Sustainability and the Role of Inflation. 2023. Afonso, A.; Alves, J.; Matvejevs, O.; Tkacevs, O.. http://www.scopus.com/inward/record.url?eid=2-s2.0-85181390750&partnerID=MN8TOARS.
    10.2139/ssrn.4676761
  17. Euro Area Fiscal Policies and the Crisis. 2022. Trabandt, M.; Attinasi, M.G.; Stark, J.; Lalouette, L.; Nickel, C.; Valenta, V.; van Riet, A.; et al. http://www.scopus.com/inward/record.url?eid=2-s2.0-85126816646&partnerID=MN8TOARS.
    10.2139/ssrn.4044230
  18. To Consolidate or Not to Consolidate? A Multi-Step Analysis to Assess Needed Fiscal Sustainability. 2022. Afonso, A.; Alves, J.; Jalles, J.T.. http://www.scopus.com/inward/record.url?eid=2-s2.0-85127087189&partnerID=MN8TOARS.
  19. Unconventional Monetary Policy in the Euro Area. Impacts on Loans, Employment, and Investment. International Journal of Finance & Economics. 2022. Afonso, A.; Pereira, F.G.; António Afonso; Francisco Gomes Pereira; Coelho, J.C.. http://www.scopus.com/inward/record.url?eid=2-s2.0-85127040530&partnerID=MN8TOARS.
    10.1002/ijfe.2913
  20. Minimum Wage and Collective Bargaining Reforms: A Narrative Database for Advance Economies. 2022. Afonso, A.; Jalles, J.T.; Venter, Z.. http://www.scopus.com/inward/record.url?eid=2-s2.0-85128950182&partnerID=MN8TOARS.
    10.2139/ssrn.4087947
  21. Does Government Spending Efficiency Improve Fiscal Sustainability?. 2022. Afonso, A.; Alves, J.. http://www.scopus.com/inward/record.url?eid=2-s2.0-85130557831&partnerID=MN8TOARS.
  22. Are Fiscal Consolidation Episodes Helpful for Public Sector Efficiency?. Applied Economics. 2022. Afonso, A.; Alves, J.; António Afonso; José Alves. http://www.scopus.com/inward/record.url?eid=2-s2.0-85131356324&partnerID=MN8TOARS.
    10.1080/00036846.2022.2115455
  23. Determinants of Stock Market Correlation. Accounting for Model Uncertainty and Reverse Causality in a Large Panel Setting. 2022. Afonso, A.; Beck, K.; Jackson, K.. http://www.scopus.com/inward/record.url?eid=2-s2.0-85140870812&partnerID=MN8TOARS.
    10.2139/ssrn.4235471
  24. Government Spending Efficiency in Latin America. 2022. Fraga, G.B.; Afonso, A.. http://www.scopus.com/inward/record.url?eid=2-s2.0-85144001876&partnerID=MN8TOARS.
  25. A Tale of Government Spending Efficiency and Trust in the State. 2022. Afonso, A.; Jalles, J.T.; Venâncio, A.. http://www.scopus.com/inward/record.url?eid=2-s2.0-85143726949&partnerID=MN8TOARS.
  26. Government Spending Efficiency in Latin America. 2022. Fraga, G.B.; Afonso, A.. http://www.scopus.com/inward/record.url?eid=2-s2.0-85176968772&partnerID=MN8TOARS.
    10.2139/ssrn.4286969
  27. Financial, Institutional, and Macroeconomic Determinants of Cross-Country Portfolio Equity Flows. 2022. Afonso, A.; Alves, J.; Beck, K.; Jackson, K.. http://www.scopus.com/inward/record.url?eid=2-s2.0-85176974129&partnerID=MN8TOARS.
    10.2139/ssrn.4183074
  28. Is Public Investment in Construction and in R&D, Growth Enhancing? A PVAR Approach. Applied Economics. 2022. Afonso, A.; de Sá Fortes Leitão Rodrigues, E.; António Afonso; Eduardo Rodrigues. http://www.scopus.com/inward/record.url?eid=2-s2.0-85177980821&partnerID=MN8TOARS.
    10.2139/ssrn.4266613
  29. Does Government Spending Efficiency Improve Fiscal Sustainability?. 2022. Afonso, A.; Alves, J.. http://www.scopus.com/inward/record.url?eid=2-s2.0-85179539673&partnerID=MN8TOARS.
    10.2139/ssrn.4103951
  30. Local Property Tax Reform and Municipality Spending Efficiency. 2022. Afonso, A.; Venâncio, A.. http://www.scopus.com/inward/record.url?eid=2-s2.0-85179536194&partnerID=MN8TOARS.
    10.2139/ssrn.4020689
  31. Twin Deficits Through the Looking Glass: Time-Varying Analysis in the Euro Area. Economic Change and Restructuring. 2022. Afonso, A.; Coelho, J.C.; António Afonso; José Carlos Coelho. http://www.scopus.com/inward/record.url?eid=2-s2.0-85179536170&partnerID=MN8TOARS.
    10.2139/ssrn.4031197
  32. A Tale of Government Spending Efficiency and Trust in the State. 2022. Afonso, A.; Jalles, J.T.; Venâncio, A.. http://www.scopus.com/inward/record.url?eid=2-s2.0-85179581101&partnerID=MN8TOARS.
    10.2139/ssrn.4279164
  33. To Consolidate or Not to Consolidate? A Multi-Step Analysis to Assess Needed Fiscal Sustainability. 2022. Afonso, A.; Alves, J.; Jalles, J.T.. http://www.scopus.com/inward/record.url?eid=2-s2.0-85179532899&partnerID=MN8TOARS.
    10.2139/ssrn.4054123
  34. Pay and Unemployment Determinants of Migration Flows in the European Union. 2022. Afonso, A.; Alves, J.; Beck, K.. http://www.scopus.com/inward/record.url?eid=2-s2.0-85179575203&partnerID=MN8TOARS.
    10.2139/ssrn.4301643
  35. Public Debt and Economic Growth in Brazil. 2021. Afonso, A.; Gadelha, S.; Silva, A.. http://www.scopus.com/inward/record.url?eid=2-s2.0-85110918406&partnerID=MN8TOARS.
    10.2139/ssrn.3749503
  36. Current Account Targeting Hypothesis versus Twin Deficit Hypothesis: The EMU Experience of Portugal. 2021. Afonso, A.; Coelho, J.C.. http://www.scopus.com/inward/record.url?eid=2-s2.0-85178544745&partnerID=MN8TOARS.
    10.2139/ssrn.3870802
  37. Sovereign Debt Crisis in Portugal and in Spain. 2020. Afonso, A.; Verdial, N.. http://www.scopus.com/inward/record.url?eid=2-s2.0-85109410991&partnerID=MN8TOARS.
    10.2139/ssrn.3504337
  38. Structural Tax Reforms and Public Spending Efficiency. 2020. Afonso, A.; Jalles, J.T.; Venâncio, A.. http://www.scopus.com/inward/record.url?eid=2-s2.0-85110653754&partnerID=MN8TOARS.
    10.2139/ssrn.3734164
  39. Government Spending Efficiency, Measurement and Applications: A Cross-country Efficiency Dataset. 2020. Afonso, A.; Jalles, J.T.; Venâncio, A.. http://www.scopus.com/inward/record.url?eid=2-s2.0-85110699472&partnerID=MN8TOARS.
    10.2139/ssrn.3734216
  40. Fiscal Episodes in the EMU: Elasticities and Non-Keynesian Effects. 2019. Afonso, A.; Leal, F.S.. http://www.scopus.com/inward/record.url?eid=2-s2.0-85112527915&partnerID=MN8TOARS.
    10.2139/ssrn.3462567
  41. The Transmission of Unconventional Monetary Policy to Bank Credit Supply: Evidence from the TLTRO. The Manchester School. 2019. Afonso, A.; Sousa-Leite, J.; António Afonso; Joana Sousa-Leite. http://www.scopus.com/inward/record.url?eid=2-s2.0-85114309355&partnerID=MN8TOARS.
    10.2139/ssrn.3312923
  42. Sovereign Bond Yield Spreads Spillovers in the EMU. 2018. Afonso, A.; Kazemi, M.. http://www.scopus.com/inward/record.url?eid=2-s2.0-85114778284&partnerID=MN8TOARS.
    10.2139/ssrn.3271374
  43. Twin Deficits Revisited: A Role for Fiscal Institutions?. Journal of International Money and Finance. 2018. Afonso, A.; Huart, F.; Jalles, J.T.; Stanek, P.L.; Tovar Jalles, J.; Stanek, P.. http://www.scopus.com/inward/record.url?eid=2-s2.0-85115512939&partnerID=MN8TOARS.
    10.2139/ssrn.3142627
  44. The Relationship between Fiscal and Current Account Imbalances in OECD Economies. 2018. Afonso, A.; Opoku, P.K.. http://www.scopus.com/inward/record.url?eid=2-s2.0-85115492093&partnerID=MN8TOARS.
    10.2139/ssrn.3293120
  45. Optimal Tax Structure for Consumption and Income Inequality: An Empirical Assessment. 2018. Afonso, A.; Alves, J.. http://www.scopus.com/inward/record.url?eid=2-s2.0-85115388291&partnerID=MN8TOARS.
    10.2139/ssrn.3271380
  46. Fiscal Sustainability Analysis: The Case of PALOP Economies. 2017. Afonso, A.; Leão, E.R.; Tiny, D.; Bhimjee, D.C.P.. http://www.scopus.com/inward/record.url?eid=2-s2.0-85116619637&partnerID=MN8TOARS.
    10.2139/ssrn.3004847
  47. ‘Whatever It Takes’ to Resolve the European Sovereign Debt Crisis? Bond Pricing Regime Switches and Monetary Policy Effects. Journal of International Money and Finance. 2017. Afonso, A.; Arghyrou, M.G.; Gadea, M.D.; Kontonikas, A.; Afonso, Antonio; Arghyrou, Michael G.; Dolores Gadea, Maria; Kontonikas, Alexandros. http://www.scopus.com/inward/record.url?eid=2-s2.0-85116719224&partnerID=MN8TOARS.
    10.1016/j.jimonfin.2018.04.005
  48. Effects of Euro Area Monetary Policy on Institutional Sectors: The Case of Portugal. 2017. Afonso, A.; Silva, J.. http://www.scopus.com/inward/record.url?eid=2-s2.0-85116121936&partnerID=MN8TOARS.
    10.2139/ssrn.3004839
  49. 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. 2004. Afonso, António. 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