Jacobson, Tor; Kindell, Rikard; Lindé, Jesper; … - Sveriges Riksbank - 2008
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Keywords: Default, default-risk model, business cycles, aggregate fluctuations, micro-
data, logit, firm-specific variables … captured by a default risk model with constant parameters over time.
The remainder of this paper is structured as follows. In … accounting data variables in the default
risk model relative to these dummy variables. To check the robustness of our chosen …