Macroeconomic Imbalances as Indicators for Debt Crises in Europe
Bibliographic Data
| ID | 7877280 |
|---|---|
| Authors | TOBIAS KNEDLIK (Halle Institute for Economic Research), GREGOR VON SCHWEINITZ (0000-0001-9293-3470, Halle Institute for Economic Research) |
| Year | 2012 |
| Volume | 50 |
| Issue | 5 |
| Pages | 726-745 |
| Publication date | 2012-09-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | JCMS Journal of Common Market Studies (JOURNAL) |
| Journal identifiers | ISSN: 0021-9886 • E-ISSN: 1468-5965 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/j.1468-5965.2012.02264.x |
| OpenAlex | W1831746137 |
| Language | EN |
| Citations received | 6 |
| References cited | 21 |
European authorities and scholars published proposals on which indicators of macroeconomic imbalances might be used to uncover risks for the sustainability of public debt in the European Union. In this article the ability of four proposed sets of indicators to send early warnings of debt crises is tested using a signals approach for the study of indicators and the construction of composite indicators. It is found that a broad composite indicator has the highest predictive power. This fact still holds true if equal weights are used for the construction of the composite indicator in order to reflect the uncertainty about the origin of future crises
Composite indicator · Debt · Economic indicator · Economics · European debt crisis · European integration · European union · International economics · Macroeconomics · Monetary economics · Order (exchange · Predictive power · Sustainability · Finance · Fiscal Policies and Political Economy · Global Financial Crisis and Policies · Monetary Policy and Economic Impact
| Unique citing works | 6 |
|---|---|
| Citations per year | 0,4 |
| Citation span | 2011 - 2019 (9) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 5 |