Drehmann, Mathias; Juselius, Mikael - In: International Journal of Forecasting 30 (2014) 3, pp. 759-780
Ideally, early warning indicators (EWI) of banking crises should be evaluated on the basis of their performance relative to the macroprudential policy maker’s decision problem. We translate several practical aspects of this problem — such as difficulties in assessing the costs and benefits...