Signalling fiscal stress in the euro area - a country-specific early warning system

Research, Preprint OPEN
Hernández de Cos, Pablo; Nickel, Christiane; Koester, Gerrit; Moral-Benito, Enrique;
  • Publisher: Frankfurt a. M.: European Central Bank (ECB)
  • Subject: E62 | fiscal policy | E66 | H63 | E65 | H62 | F34 | sovereign debt | debt management, deficit surplus, fiscal policy, general outlook and conditions, international lending and debt problems, sovereign debt, studies of particular policy episodes | fiscal policy, studies of particular policy episodes, general outlook and conditions, deficit, surplus, debt, debt management, sovereign debt, international lending and debt problems. | international lending and debt problems | studies of particular policy episodes | debt management | deficit surplus | general outlook and conditions
    • jel: jel:E65 | jel:H62 | jel:E62 | jel:F34 | jel:E66 | jel:H63
      ddc: ddc:330

The sovereign debt crisis in the euro area has increased the interest in early warning indicators, with the aim to indicate the build?up of fiscal stress early on and to facilitate crisis prevention by a timely counteraction of fiscal and macroeconomic policies. This pa... View more
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