António Afonso
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theiiiman.bsky.social
António Afonso
@theiiiman.bsky.social

🇪🇺 🇵🇹 Professor of Economics, ISEG, University of Lisbon. President, REM–Research in Economics and Mathematics. Previous: ECB, CGD, IGCP, Ministry of Finance. https://orcid.org/0000-0002-6926-2653
Also https://x.com/theIIIman .. more

Economics 87%
Political science 6%

New 3-bedroom flat, 150 sq m, Avenidas Novas, Lisbon, 1500000 EUR. New 3-bedroom flat, 164 sq m, Porte de Namur, Brussels, 1000000 EUR. Price in Lisbon is 50% higher than in Brussels. Per capita income in Brussels is 100% higher than in Lisbon.

Reposted by António Afonso

🚨Working Paper Alert!
"Drivers of New Business Creation in the OECD: The Role of Education and Taxation"
✍️ @theiiiman.bsky.social M. Carmen Blanco-Arana & Ana J. Cisneros-Ruiz

Find out how education and taxation drive new business creation in OECD countries 🌍: www.ifo.de/en/cesifo/pu...

Stock and sovereign returns linkages: time-varying causality and extreme-quantile determinants. Forthcoming, International Review of Financial Analysis. António Afonso, José Alves, Wojciech Grabowski, Sofia Monteiro.

Reposted by Lars P. Feld

Reposted by António Afonso

www.economist.com/briefing/201... Back in 2010 the Economist was the case for tax cuts: "A paper by António Afonso of the European Central Bank and Davide Furceri of the OECD found that increases in government spending as a proportion of GDP tended to be correlated with slower economic growth."
Sharing the pain
Increasing budget deficits and rising government debts are likely to entail fierce political battles—not least between taxpayers and public-sector workers
www.economist.com

Happy to be in the World's top 1%! Elsevier Data Repository, Aug 2025. "Updated science-wide author databases of standardized citation indicators" elsevier.digitalcommonsdata.com/datasets/btc...

www.ifo.de/en/cesifo/pu... A discretionary positive shock to the primary balance leads to a decrease in real government debt, a result consistent with a Monetary Dominant regime and sustainable fiscal practices.

14th UECE Conference on Economic and Financial Adjustments. Fri, Jul 17, 2026. ISEG. Lisbon. uece2.rc.iseg.ulisboa.pt/events/2026/... Keynote: Roel Beetsma

www.sciencedirect.com/science/arti... António Afonso, Francisco Gomes Pereira. "An expansionary monetary policy stance, following an increase in the debt-to-GDP ratio, leads to lower primary balances."
Does monetary policy influence euro area fiscal sustainability?
This paper studies the impact of monetary policy on fiscal sustainability in the euro area. We extend a standard fiscal reaction function by introduci…
www.sciencedirect.com

Reposted by António Afonso