Arahuetes García, Alejandro; Gómez Bengoechea, Gonzalo - In: Estudios de economía 45 (2018) 1, pp. 79-111
This paper provides an empirical analysis of the Macroeconomic Imbalance Procedure (MIP). It explores the relationship between sovereign bond yields spreads and the variables contained in the MIP scoreboard using quantile regressions. Results suggest that MIP indicators can explain the behavior...