The adverse impact of sovereign debt defaults on the international financial system has occasioned intense interest in methodologies for assessing sovereign debt risk. This is manifest in an outpouring of studies, research which has uncovered the fact that the riskiness of sovereign debt is...

This paper explores the size and sign of exogenous fiscal shocks in Barbados using the structural vector autoregression (SVAR), Bayesian vector autoregression (BVAR) and dynamic stochastic general equilibrium (DSGE) models. Shocks to government spending are shown to have a positive impact on...

This paper examines the role of disaster shock in a one-sector, representative agent dynamic stochastic general equilibrium model (DSGE). First, it estimates a panel vector autoregresive (VAR) model for output, investment, trade balance, consumption, and country spread to capture the economic...