| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP9665 |
| DP9665 Sovereign credit ratings in the European Union: a model-based fiscal analysis | |
| Michael R. Wickens; Vito Polito | |
| 发表日期 | 2013-09-29 |
| 出版年 | 2013 |
| 语种 | 英语 |
| 摘要 | We propose a model-based measure of sovereign credit ratings derived solely from the fiscal position of a country: a forecast of its future debt liabilities, and its potential to use tax policy to repay these. We use this measure to calculate credit ratings for fourteen European countries over the period 1995-2012. This measure identifies a European sovereign debt crisis almost two years before the official ratings of the credit rating agencies. |
| 主题 | International Macroeconomics |
| 关键词 | Credit risk Default probability Fiscal policy Sovereign risk |
| URL | https://cepr.org/publications/dp9665 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/538501 |
| 推荐引用方式 GB/T 7714 | Michael R. Wickens,Vito Polito. DP9665 Sovereign credit ratings in the European Union: a model-based fiscal analysis. 2013. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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