Early Warning System

Early Warning Systems (EWS) are a toolbox for policymakers to prevent or attenuate the impact of economic downturns. Modern EWS are based on the econometric framework of Kauppi and Saikkonen (2008) . Specifically, this framework includes four dichotomous models, relying on a logit approach to model the relationship between yield spreads and future recessions, controlling for recession risk factors. These models can be estimated in a univariate or a balanced panel framework as in Candelon, Dumitrescu and Hurlin (2014) . This package provides both methods for estimating these models and a dataset covering 13 OECD countries over a period of 45 years. This package constitutes a useful toolbox (data and functions) for scholars as well as policymakers.


Reference manual

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0.1.0 by Quentin Lajaunie, 8 months ago

Browse source code at https://github.com/cran/EWS

Authors: Quentin Lajaunie [cre] , Jean-Baptiste Hasse [aut]

Documentation:   PDF Manual  

GPL-3 license

Imports numDeriv

See at CRAN