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Risk premium as an economic policy objective: The Spanish case
Economics and Business Letters
View Archive Info| Field | Value | |
| Title |
Risk premium as an economic policy objective: The Spanish case
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| Creator |
Perez, Indalecio
Castellanos, Pablo Sanchez-Santos, Jose Manuel |
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| Description |
This paper tries to analyse to what extent the Spanish public debt risk premium is related with the Spanish economic fundamentals. A cointegration analysis of different economic variables (public or private debt/GDP, inflation, unemployment and borrowing capacity) from 1990 to 2012 does not allow us to confirm strongly the long term relationship between the risk premium and the referred variables. There is not enough evidence to show that premium risk is determined by Spanish economic fundamentals in the long term. Therefore, the referred spread role as an economic policy objective should be relativized since it cannot be proved that tackling the analysed economic variables could reduce the spread significantly.
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| Publisher |
Oviedo University Press
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| Contributor |
—
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| Date |
2013-09-30
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
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| Format |
application/pdf
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| Identifier |
http://www.unioviedo.es/reunido/index.php/EBL/article/view/10002
10.17811/ebl.2.3.2013.94-104 |
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| Source |
Economics and Business Letters; Vol 2, No 3 (2013): September - Special Issue: Selected papers from 11th International Economic Policy Conference; 94-104
Economics and Business Letters; Vol 2, No 3 (2013): September - Special Issue: Selected papers from 11th International Economic Policy Conference; 94-104 2254-4380 10.17811/ebl.2.3.2013 |
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| Language |
eng
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| Relation |
http://www.unioviedo.es/reunido/index.php/EBL/article/view/10002/9781
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| Rights |
Copyright (c) 2014 Economics and Business Letters
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