|
|
|
|
| LEADER |
02811cam a2200505 4500 |
| 001 |
0-1675741328 |
| 003 |
DE-627 |
| 005 |
20200623174619.0 |
| 007 |
cr uuu---uuuuu |
| 008 |
190903s2019 gw |||||o 00| ||eng c |
| 020 |
|
|
|a 9789289935685
|9 978-92-899-3568-5
|
| 024 |
7 |
|
|a 10.2866/967743
|2 doi
|
| 024 |
7 |
|
|a 10419/208340
|2 hdl
|
| 035 |
|
|
|a (DE-627)1675741328
|
| 035 |
|
|
|a (DE-599)KXP1675741328
|
| 035 |
|
|
|a (OCoLC)1128857068
|
| 040 |
|
|
|a DE-627
|b ger
|c DE-627
|e rda
|
| 041 |
|
|
|a eng
|
| 044 |
|
|
|c XA-DE
|c XP
|
| 084 |
|
|
|a E37
|a E44
|a F47
|a O52
|2 JEL
|
| 100 |
1 |
|
|a Sondermann, David
|d 1980-
|e VerfasserIn
|0 (DE-588)138728380
|0 (DE-627)605275106
|0 (DE-576)308839595
|4 aut
|
| 245 |
1 |
2 |
|a A macroeconomic vulnerability model for the euro area
|c David Sondermann, Nico Zorell
|
| 264 |
|
1 |
|a Frankfurt am Main, Germany
|b European Central Bank
|c [2019]
|
| 300 |
|
|
|a 1 Online-Ressource (circa 40 Seiten)
|b Illustrationen
|
| 336 |
|
|
|a Text
|b txt
|2 rdacontent
|
| 337 |
|
|
|a Computermedien
|b c
|2 rdamedia
|
| 338 |
|
|
|a Online-Ressource
|b cr
|2 rdacarrier
|
| 490 |
1 |
|
|a Working paper series / European Central Bank
|v no 2306 (August 2019)
|
| 520 |
|
|
|a Macroeconomic imbalances increase the vulnerability of an economy to adverse shocks, which in turn can lead to crises with severe economic and social costs. We propose an early warning model that predicts such crises. We identify a set of macroeconomic indicators capturing domestic and external imbalances that jointly predict severe recessions (i.e. growth crises) in a multivariate discrete choice framework. The approach allows us to quantify an economy's macroeconomic vulnerabilities at any point in time. In particular, the model would have pointed early on to emerging vulnerabilities in all the euro area countries that registered severe recessions in the years after 2007. We also show that the model can be applied beyond the euro area crisis in that its main results remain robust to changes in assumptions and sample composition.
|
| 700 |
1 |
|
|a Zorell, Nico
|e VerfasserIn
|4 aut
|
| 810 |
2 |
|
|a Europäische Zentralbank
|t Working paper series
|v no 2306 (August 2019)
|9 2306
|w (DE-627)372370322
|w (DE-576)108090442
|w (DE-600)2123559-4
|x 1725-2806
|
| 856 |
4 |
0 |
|u https://doi.org/10.2866/967743
|x Resolving-System
|z kostenfrei
|3 Volltext
|
| 856 |
4 |
0 |
|u https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2306~8907aafca2.en.pdf
|x Verlag
|z kostenfrei
|3 Volltext
|
| 856 |
4 |
0 |
|u http://hdl.handle.net/10419/208340
|x Resolving-System
|z kostenfrei
|
| 951 |
|
|
|a BO
|
| 020 |
|
|
|a 9289935685
|
| 856 |
4 |
0 |
|u https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2306~8907aafca2.en.pdf
|9 LFER
|
| 852 |
|
|
|a LFER
|z 2019-10-07T00:00:00Z
|
| 970 |
|
|
|c OD
|
| 971 |
|
|
|c EBOOK
|
| 972 |
|
|
|c EBOOK
|
| 973 |
|
|
|c EB
|
| 935 |
|
|
|a lfer
|
| 951 |
|
|
|b XA-DE
|
| 980 |
|
|
|a 1675741328
|b 0
|k 1675741328
|c lfer
|
SOLR
| _version_ |
1757963448849793024 |
| access_facet |
Electronic Resources |
| author |
Sondermann, David, Zorell, Nico |
| author_facet |
Sondermann, David, Zorell, Nico |
| author_role |
aut, aut |
| author_sort |
Sondermann, David 1980- |
| author_variant |
d s ds, n z nz |
| callnumber-sort |
|
| collection |
lfer |
| contents |
Macroeconomic imbalances increase the vulnerability of an economy to adverse shocks, which in turn can lead to crises with severe economic and social costs. We propose an early warning model that predicts such crises. We identify a set of macroeconomic indicators capturing domestic and external imbalances that jointly predict severe recessions (i.e. growth crises) in a multivariate discrete choice framework. The approach allows us to quantify an economy's macroeconomic vulnerabilities at any point in time. In particular, the model would have pointed early on to emerging vulnerabilities in all the euro area countries that registered severe recessions in the years after 2007. We also show that the model can be applied beyond the euro area crisis in that its main results remain robust to changes in assumptions and sample composition. |
| ctrlnum |
(DE-627)1675741328, (DE-599)KXP1675741328, (OCoLC)1128857068 |
| doi_str_mv |
10.2866/967743 |
| facet_avail |
Online, Free |
| finc_class_facet |
not assigned |
| format |
eBook |
| format_access_txtF_mv |
Book, E-Book |
| format_de105 |
Ebook |
| format_de14 |
Book, E-Book |
| format_de15 |
Book, E-Book |
| format_del152 |
Buch |
| format_detail_txtF_mv |
text-online-monograph-independent |
| format_dezi4 |
e-Book |
| format_finc |
Book, E-Book |
| format_legacy |
ElectronicBook |
| format_legacy_nrw |
Book, E-Book |
| format_nrw |
Book, E-Book |
| format_strict_txtF_mv |
E-Book |
| geogr_code |
not assigned |
| geogr_code_person |
Germany |
| hierarchy_parent_id |
0-372370322 |
| hierarchy_parent_title |
Europäische Zentralbank: Working paper series |
| hierarchy_sequence |
2306 |
| hierarchy_top_id |
0-372370322 |
| hierarchy_top_title |
Europäische Zentralbank: Working paper series |
| id |
0-1675741328 |
| illustrated |
Not Illustrated |
| imprint |
Frankfurt am Main, Germany, European Central Bank, [2019] |
| imprint_str_mv |
Frankfurt am Main, Germany: European Central Bank, [2019] |
| institution |
DE-D117, DE-105, LFER, DE-Ch1, DE-15, DE-14, DE-L242, DE-Zwi2 |
| is_hierarchy_id |
0-1675741328 |
| is_hierarchy_title |
A macroeconomic vulnerability model for the euro area |
| isbn |
9789289935685, 9289935685 |
| isil_str_mv |
LFER |
| issn_isn_mv |
1725-2806 |
| kxp_id_str |
1675741328 |
| language |
English |
| last_indexed |
2023-02-16T05:16:28.266Z |
| marc024a_ct_mv |
10.2866/967743, 10419/208340 |
| match_str |
sondermann2019amacroeconomicvulnerabilitymodelfortheeuroarea |
| mega_collection |
Verbunddaten SWB, Lizenzfreie Online-Ressourcen |
| misc_de105 |
EBOOK |
| multipart_link |
108090442 |
| multipart_part |
(108090442)no 2306 (August 2019) |
| names_id_str_mv |
(DE-588)138728380, (DE-627)605275106, (DE-576)308839595 |
| oclc_num |
1128857068 |
| physical |
1 Online-Ressource (circa 40 Seiten); Illustrationen |
| publishDate |
[2019] |
| publishDateSort |
2019 |
| publishPlace |
Frankfurt am Main, Germany |
| publisher |
European Central Bank |
| record_format |
marcfinc |
| record_id |
1675741328 |
| recordtype |
marcfinc |
| rvk_facet |
No subject assigned |
| series |
Europäische Zentralbank, Working paper series, no 2306 (August 2019) |
| series2 |
Working paper series / European Central Bank ; no 2306 (August 2019) |
| source_id |
0 |
| spelling |
Sondermann, David 1980- VerfasserIn (DE-588)138728380 (DE-627)605275106 (DE-576)308839595 aut, A macroeconomic vulnerability model for the euro area David Sondermann, Nico Zorell, Frankfurt am Main, Germany European Central Bank [2019], 1 Online-Ressource (circa 40 Seiten) Illustrationen, Text txt rdacontent, Computermedien c rdamedia, Online-Ressource cr rdacarrier, Working paper series / European Central Bank no 2306 (August 2019), Macroeconomic imbalances increase the vulnerability of an economy to adverse shocks, which in turn can lead to crises with severe economic and social costs. We propose an early warning model that predicts such crises. We identify a set of macroeconomic indicators capturing domestic and external imbalances that jointly predict severe recessions (i.e. growth crises) in a multivariate discrete choice framework. The approach allows us to quantify an economy's macroeconomic vulnerabilities at any point in time. In particular, the model would have pointed early on to emerging vulnerabilities in all the euro area countries that registered severe recessions in the years after 2007. We also show that the model can be applied beyond the euro area crisis in that its main results remain robust to changes in assumptions and sample composition., Zorell, Nico VerfasserIn aut, Europäische Zentralbank Working paper series no 2306 (August 2019) 2306 (DE-627)372370322 (DE-576)108090442 (DE-600)2123559-4 1725-2806, https://doi.org/10.2866/967743 Resolving-System kostenfrei Volltext, https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2306~8907aafca2.en.pdf Verlag kostenfrei Volltext, http://hdl.handle.net/10419/208340 Resolving-System kostenfrei, https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2306~8907aafca2.en.pdf LFER, LFER 2019-10-07T00:00:00Z |
| spellingShingle |
Sondermann, David, Zorell, Nico, A macroeconomic vulnerability model for the euro area, Europäische Zentralbank, Working paper series, no 2306 (August 2019), Macroeconomic imbalances increase the vulnerability of an economy to adverse shocks, which in turn can lead to crises with severe economic and social costs. We propose an early warning model that predicts such crises. We identify a set of macroeconomic indicators capturing domestic and external imbalances that jointly predict severe recessions (i.e. growth crises) in a multivariate discrete choice framework. The approach allows us to quantify an economy's macroeconomic vulnerabilities at any point in time. In particular, the model would have pointed early on to emerging vulnerabilities in all the euro area countries that registered severe recessions in the years after 2007. We also show that the model can be applied beyond the euro area crisis in that its main results remain robust to changes in assumptions and sample composition. |
| title |
A macroeconomic vulnerability model for the euro area |
| title_auth |
A macroeconomic vulnerability model for the euro area |
| title_full |
A macroeconomic vulnerability model for the euro area David Sondermann, Nico Zorell |
| title_fullStr |
A macroeconomic vulnerability model for the euro area David Sondermann, Nico Zorell |
| title_full_unstemmed |
A macroeconomic vulnerability model for the euro area David Sondermann, Nico Zorell |
| title_in_hierarchy |
no 2306 (August 2019). A macroeconomic vulnerability model for the euro area ([2019]) |
| title_short |
A macroeconomic vulnerability model for the euro area |
| title_sort |
macroeconomic vulnerability model for the euro area |
| url |
https://doi.org/10.2866/967743, https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2306~8907aafca2.en.pdf, http://hdl.handle.net/10419/208340 |
