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Fiscal Policy and financial markets /
This paper introduces fiscal policy in a model of sovereign risk spreads ("spreads"). Using panel data from emerging market countries, we find that reductions in public expenditure are a more powerful tool for reducing spreads than increases in revenues. Specifically, cuts in current spend...
| Cote: | Libro Electrónico |
|---|---|
| Auteurs principaux: | , |
| Format: | Électronique eBook |
| Langue: | Inglés |
| Publié: |
[Washington, D.C.] :
International Monetary Fund, IMF Institute,
2006.
|
| Collection: | IMF working paper ;
WP/06/16. |
| Sujets: | |
| Accès en ligne: | Texto completo |