Binary response models

Publication date: 1 Feb 2017 | Publication type: National Institute Economic Review | External authors: Tomáš, D, Filip, O, Ivana, S, Mária, S | JEL classification: C25, C52, H12 | Journal: National Institute Economic Review Issue 239 | Publisher: Sage Publications, London
The EU established an early warning system by introducing the Macroeconomic Imbalance Procedure (MIP) in the wake of the recent recession. Nevertheless, it has been found by some authors to be rather vague when launching the Excessive Imbalances Procedure. Performed analysis reflects on such views...