On the time-varying relationship between EMU sovereign spreads and their determinants
We use a dynamic multipath general-to-specific algorithm to capture structural instability in the link between euro area sovereign bond yield spreads against Germany and their underlying determinants over the period January 1999 – August 2011. We offer new evidence suggesting a significant heterogen...
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| Other Authors: | , , |
| Format: | workingPaper |
| Language: | eng |
| Published: |
2013
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10400.5/5264 |
| Country: | Portugal |
| Oai: | oai:www.repository.utl.pt:10400.5/5264 |