Optimal reduction of public debt under partial observation of the economic growth
Sign Up to like & getrecommendations! Published in 2019 at "Finance and Stochastics"
DOI: 10.1007/s00780-020-00438-z
Abstract: We consider a government that aims at reducing the debt-to-(gross domestic product) (GDP) ratio of a country. The government observes the level of the debt-to-GDP ratio and an indicator of the state of the economy,… read more here.
Keywords: partial observation; reduction; debt; gdp ratio ... See more keywords
Non-performing loans and sovereign credit ratings
Sign Up to like & getrecommendations! Published in 2019 at "International Review of Financial Analysis"
DOI: 10.1016/j.irfa.2019.06.002
Abstract: This paper examines the joint behaviour of sovereign ratings and their macroeconomic/financial determinants (namely uncertainty, GDP growth, government debt-to-GDP ratio, investment-to-GDP ratio and the fiscal balance-to-GDP ratio) in a multivariate Panel Vector Autoregressive (PVAR) framework.… read more here.
Keywords: performing loans; loans sovereign; gdp ratio; non performing ... See more keywords