Fiscal Rules and the Sovereign Default Premium /

This paper finds optimal fiscal rule parameter values and measures the effects of imposing fiscal rules using a default model calibrated to an economy that in the absence of a fiscal rule pays a significant sovereign default premium. The paper also studies the case in which the government conducts a...

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Bibliografische gegevens
Hoofdauteur: Hatchondo, Juan Carlos
Andere auteurs: Martinez, Leonardo, Roch, Francisco
Formaat: Tijdschrift
Taal:English
Gepubliceerd in: Washington, D.C. : International Monetary Fund, 2012.
Reeks:IMF Working Papers; Working Paper ; No. 2012/030
Online toegang:Full text available on IMF