Afonso, António; Arghyrou, Michael G.; Bagdatoglou, George - In: Economic Modelling 44 (2015) C, pp. 363-371
relationship between euro area sovereign risk and the underlying fundamentals is strongly time-varying, turning from inactive to … rule, the set of financial and macro spreads' determinants in the euro area is rather unstable but generally becomes richer …We use a dynamic multipath general-to-specific algorithm to capture structural instability in the link between euro …