Babecký, Jan; Havránek, Tomáš; Matìjù, Jakub; … - Institut ekonomických studií, Univerzita Karlova v Praze - 2011
We provide a critical review of the literature on early warning indicators of economics crises and propose methods to overcome several pitfalls of the previous contributions. We use a quarterly panel of 40 EU and OECD countries for the period 1970–2010. As the response variable, we construct a...