Publication
Do fiscal imbalances deteriorate sovereign debt ratings?
| dc.contributor.author | Afonso, António | |
| dc.contributor.author | Gomes, Pedro | |
| dc.date.accessioned | 2022-09-28T09:44:58Z | |
| dc.date.available | 2022-09-28T09:44:58Z | |
| dc.date.issued | 2011 | |
| dc.description.abstract | We use sovereign debt rating estimations from Afonso, Gomes and Rother [2009, 2011] for Fitch, Moody’s, and Standard & Poor’s, to assess to what extent the recent fiscal imbalances are being reflected on the sovereign debt notations. With macro and fiscal data up to 2009, and macro and fiscal projections up to 2012, we obtain the expected rating for several oecd countries. The answer to the title question is yes, but in a diverse way for each country. Our average model predictions point to a heterogeneous behaviour of rating agencies across countries. | pt_PT |
| dc.description.abstract | Nous utilisons les estimations de notation souveraine de Afonso, Gomes et Rother [2009, 2011] pour examiner que les déséquilibres budgétaires récents expliquent les notations souveraines des États. À l’aide de données macroéconomiques et budgétaires passées (jusqu’en 2009) et des projections jusqu’en 2012, nous calculons la note qui devrait être attribuée à un certain nombre de pays de l’ocde. Ces notes reflètent effectivement les déséquilibres budgétaires, mais de manière non uniforme. Notre modèle révèle une forte hétérogénéité entre les pays. | pt_PT |
| dc.description.version | info:eu-repo/semantics/publishedVersion | pt_PT |
| dc.identifier.citation | Afonso, António and Pedro Gomes.(2011). "Do fiscal imbalances deteriorate sovereign debt ratings?" . Revue économique, Vol. 62 No. 6: pp. 1123-1134. | pt_PT |
| dc.identifier.doi | 10.3917/reco.626.1123 | pt_PT |
| dc.identifier.issn | 0035-2764 | |
| dc.identifier.uri | http://hdl.handle.net/10400.5/25608 | |
| dc.language.iso | eng | pt_PT |
| dc.publisher | Presses de Sciences Po | pt_PT |
| dc.relation | UECE is supported by fct (Fundação para a Ciência e a Tecnologia). Portugal. | pt_PT |
| dc.subject | Debt Rating Estimations | pt_PT |
| dc.subject | Fitch | pt_PT |
| dc.subject | Moody’s | pt_PT |
| dc.subject | Standard & Poor’s | pt_PT |
| dc.subject | OECD Countries | pt_PT |
| dc.subject | Fiscal Imbalances | pt_PT |
| dc.subject | Estimations de notation souveraine | pt_PT |
| dc.subject | Déséquilibres budgétaires | pt_PT |
| dc.subject | Pays de l’OCDE | pt_PT |
| dc.title | Do fiscal imbalances deteriorate sovereign debt ratings? | pt_PT |
| dc.type | journal article | |
| dspace.entity.type | Publication | |
| rcaap.rights | openAccess | pt_PT |
| rcaap.type | article | pt_PT |
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