The European Commission's Scoreboard of Macroeconomic Imbalances: The impact of preferences on an early warning system

Konferenzbeitrag

The European Commission s Scoreboard of Macroeconomic Imbalances is a rare case of a publicly released early warning system. It allows the preferences of the politicians involved to be analysed with regard to the two potential errors of an early warning system missing a crisis and issuing a false alarm. Such an analysis is done for the first time in this article for early warning systems in general by using a standard signals approach, including a preference-based optimisation approach, to set thresholds. It is shown that, in general, the thresholds of the Commission s Scoreboard are set low (resulting in more alarm signals), as compared to a neutral stand.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Beiträge zur Jahrestagung des Vereins für Socialpolitik 2013: Wettbewerbspolitik und Regulierung in einer globalen Wirtschaftsordnung - Session: Measuring debt crisis phenomena in Europe ; No. F19-V3

Classification and Topics

• Classification: Wirtschaft ; Financial Crises ; Macroeconomic Aspects of International Trade and Finance: Forecasting and Simulation: Models and Applications ; International Agreements and Observance; International Organizations

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Knedlik, Tobias
• Event: Veröffentlichung
• (who): ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
• (where): Kiel und Hamburg
• (when): 2013

Further information

• Handle: http://hdl.handle.net/10419/80028
• Last update: 10.03.2025, 11:42 AM CET