Article ID Journal Published Year Pages File Type
5059884 Economics Letters 2012 4 Pages PDF
Abstract
► An unobserved factor drives the co-movement of government debt in the euro area. ► The factor captures the impact of the Maastricht Treaty. ► The factor also reflects the influence of the euro and the ongoing crisis. ► The old-age dependency ratio and the US long-term interest rate explain the factor.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Government debt in the euro area-Evidence from dynamic factor analysis
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