Tag: Sovereign Ratings

Customizing LP impulse response function after LOCPROJ using LPGRAPH

In a few days, Alfonso Ugarte from BBVA will release an updated version of his package LOCPROJ. In this new version, the LPGRAPH command has been greatly improved…

Statistical Difference between Regimes in State-Dependent Local Projections using LOCPROJ

In a previous blog, I covered the estimation of state-dependent local projection using LOCPROJ. The impact of random shocks of change in vulnerability affects positively the sovereign bond…

Impact of Climate Risk on Fiscal Space: Do Political Stability and Financial Development Matter?

Allow me to share that I published my second working paper for the Asian Development Bank: Impact of Climate Risk on Fiscal Space: Do Political Stability and Financial…

Guest Contribution: “Impact of Climate Risk on Fiscal Space: Does Political Stability and Financial Development Matter?”

Very honored to contribute my fourth guest blog post on Econbrowser. I am deeply grateful to Menzie Chinn. The recent literature establishes that climate risk reduces the fiscal space,…

Impact of Climate Risk on Fiscal Space: Do Religious Tensions Matter?

In our new working paper, written with John Beirne, Donghyun Park, and Gazi Salah Uddin, we find that political stability together with financial development matter for the negative…