Afonso, António; Arghyrou, Michael G.; Bagdatoglou, George - In: Economic Modelling 44 (2015) C, pp. 363-371
We use a dynamic multipath general-to-specific algorithm to capture structural instability in the link between euro area sovereign bond yield spreads against Germany and their underlying determinants over the period January 1999–August 2011. We offer new evidence suggesting a significant...