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Table 2 Calibration statistics

From: On the role of financial aid in a default episode

  Argentinian data (1980–2016)a Benchmark model
σ(Absorption)/σ(GDP) 1.35 1.08
σ(Fiscal balance)/σ(GDP) 0.25 0.18
σ(Spread)/σ(GDP) 0.67 0.11
ρ(Absorption, GDP) 0.95 0.99
ρ(Fiscal balance, GDP) − 0.01 − 0.40
ρ(Spread, GDP) − 0.78 − 0.67
  1. aData of fiscal balance goes from 1993 to 2016. Data of spreads goes from 1983 to 2002