While linkages between some macroeconomic phenomena and suicides in some countries have been explored, only two studies, hitherto, have established a causal relationship between fiscal austerity and suicide, albeit in a single country. The aim of this study is to provide the first systematic multiple-country evidence of a causal relationship of fiscal austerity on time-, gender-, and age-specif...

a r t i c l e i n f o Keywords: Pareto tail thickness parameter GARCH-type models Value at Risk Extreme value theory Heavy tails Stock indexes Eurozone We have analyzed extreme movements of the main stocks traded in the Eurozone in the 2000–2012 period. Our results can help future very-risk-averse investors to choose their portfolios in the Eurozone for risk management purposes. We find two mai...

We revisit the relation between budget deficits and current account for 28 European Union countries from 1996 to 2019. find that an increase in deficit of 1 pp GDP results a deterioration 0.318 GDP, which supports Twin Deficits Hypothesis. On other hand, dynamic panel estimates partially corroborate Ricardian Equivalence Hypothesis presence fiscal rules index. In addition: i) two is asymmetric ...

We propose a panel data model for nonstationary variables with interactive fixed effects and coefficients that may vary over time use it to examine variation in the income elasticity of health expenditures OECD Eurozone. Our empirical analysis shows healthcare expenditure slightly increased Eurozone during 1995–2004 but remained below one. This finding suggests is not luxury good these countries.

This paper suggests that there should be a realignment of the current Eurozone. There has been research to argue that the Eurozone does not fit the Optimum Currency Area (OCA) criteria. This might be a contributing factor to the current economic crisis in Europe. I propose, based on results from k-means data clustering, that the Eurozone be divided into three separate regions under the European...

In this paper, we investigate the “static and dynamic” return volatility spillovers’ transmission across developed developing countries. Quoted against US dollar, study twenty-three global currencies over time period 2005–2016. Focusing on spillover index methodology, generalised VAR framework is employed. Our findings indicate no evidence of bi-directional spillovers between However, unidirect...

This paper examines both the time-series and cross-sectional variation in the difference between US dollar and Euro denominated sovereign CDS spreads for a group of Eurozone countries. We find that the spread difference between dual-currency sovereign CDS significantly affects the bilateral exchange rate returns. In addition, the difference could predict the cumulative exchange rate returns up ...