Replication Data for Section 10 (“Monitoring Structural Fragility Before the Global Financial Crisis: A Pseudo-Real-Time SDMF Assessment”) of Debt Sustainability as a System Property: A Parsimonious Framework for Structural Monitoring and Resilience

This replication package reproduces the pseudo-real-time Structural Debt Monitoring Framework (SDMF) diagnostics reported in Section 10 (“Monitoring Structural Fragility Before the Global Financial Crisis: A Pseudo-Real-Time SDMF Assessment”) of: Cid, J. (2026). Debt Sustainability as a System Property: A Parsimonious Framework for Structural Monitoring and Resilience. SSRN Electronic Journal. Paper DOI: 10.2139/ssrn.6719638. The package contains the model-consistent pseudo-real-time panel dataset, replication script, and pre-generated outputs required to reproduce the pseudo-real-time dashboard, structural diagnostics, and empirical tables reported in the corresponding section of the paper. The exercise evaluates whether the SDMF would have generated economically meaningful structural differentiation across countries before the Global Financial Crisis using only information available at each historical point in time. The implementation follows a strict pseudo-real-time design: for each country-quarter observation, model estimation uses only information that would have been available at the corresponding historical date. The objective is operational rather than predictive and does not constitute a formal crisis-forecasting exercise. Rather than evaluating whether the framework predicted the Global Financial Crisis, the exercise assesses whether contemporaneously observable structural conditions already implied differentiated forward vulnerability trajectories prior to 2008. The repository includes both reproducible outputs and pre-generated diagnostics to facilitate direct inspection and verification without requiring full re-execution of the replication script.