A complementary tool to Monitor Fiscal Stress in European Economies by Stéphanie Pamies Sumner and Katia Berti published by European Commission (6/2017). “This paper presents an indicator of fiscal distress for European economies based on a multivariate regression analysis (logit modelling, the L1 indicator) and on a recently updated dataset of fiscal stress episodes…Our analysis suggests that the L1 indicator could be used as a complementary tool to the Commission S0 indicator to monitor prospective fiscal risks…”
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