COMPLETE INCOMPLETE
|
aver |
25% |
75% |
aver |
25% |
75% | |
|
Ψ1,3 |
-0.006 |
-0.029 |
0.018 |
1.650 |
1.467 |
1.867 |
|
Ψl,5 |
-0.011 |
-0.041 |
0.021 |
3.057 |
2.563 |
3.557 |
|
Ψ2,3 |
-0.006 |
-0.031 |
0.021 |
1.838 |
1.385 |
2.180 |
|
Ψ2,5 |
-0.011 |
-0.051 |
0.027 |
3.699 |
2.543 |
4.471 |
|
Im |
-13.712 |
-14.321 |
-13.022 |
0.495 |
0.150 |
0.958 |
|
Pω,R |
-0.975 |
-0.993 |
-0.972 |
-0.438 |
-0.730 |
-0.231 |
|
σ(ωτ)/ σ(ω) |
0.627 |
0.595 |
0.661 |
0.727 |
0.625 |
0.839 |
|
σ(ΔMV)/ σ(ω) |
6.757 |
5.199 |
8.036 |
0.727 |
0.625 |
0.839 |
|
Φ*1 |
-6.106 |
-6.750 |
-5.541 |
0.712 |
0.565 |
1.002 |
|
Φ*3 |
-2.403 |
-3.010 |
-1.907 |
0.794 |
0.757 |
1.019 |
|
Φ*5 |
-1.180 |
-1.741 |
-0.750 |
0.920 |
0.818 |
1.022 |
|
Φ 10 |
-0.312 |
-0.662 |
0.007 |
0.978 |
0.779 |
1.027 |
Table le - Assessing Debt Management Performance Statistics - Persistent shocks
and Capital Accumulation
Results show outcomes from 1000 simulations of 200 periods where first 150 periods are discarded and
statistics calculated on final 50 observations. "Average” denotes the average of each statistic over all 1000
simulations, 25% shows the bottom quartile outcome and 75% the third quartile. Ψ,y i = 1, 2 is the
persistence test described in the text evaluated at lag j. Im is the impact measure comparing the effect
of a shock on debt and the deficit. pω r is the correlation coefficient between primary deficit and interest
payments. σ(ωτ)/σ(ω) the ratio of the variance of the total to the primary deficit, σ(MV)/σ(ω) the ratio
of the variance changes to the market value of debt to the variance of the primary deficit. Φjj is the statistic
based on the dynamic impact of deficit shocks on debt evaluated for j periods.
34
More intriguing information
1. Orientation discrimination in WS 22. EXPANDING HIGHER EDUCATION IN THE U.K: FROM ‘SYSTEM SLOWDOWN’ TO ‘SYSTEM ACCELERATION’
3. Financial Development and Sectoral Output Growth in 19th Century Germany
4. Getting the practical teaching element right: A guide for literacy, numeracy and ESOL teacher educators
5. Conservation Payments, Liquidity Constraints and Off-Farm Labor: Impact of the Grain for Green Program on Rural Households in China
6. The name is absent
7. News Not Noise: Socially Aware Information Filtering
8. Death as a Fateful Moment? The Reflexive Individual and Scottish Funeral Practices
9. The Structure Performance Hypothesis and The Efficient Structure Performance Hypothesis-Revisited: The Case of Agribusiness Commodity and Food Products Truck Carriers in the South
10. Sustainability of economic development and governance patterns in water management - an overview on the reorganisation of public utilities in Campania, Italy, under EU Framework Directive in the field of water policy (2000/60/CE)