Sovereign Risk, Fiscal Policy, and Macroeconomic Stability /
This paper analyzes the impact of strained government finances on macroeconomic stability and the transmission of fiscal policy. Using a variant of the model by Curdia and Woodford (2009), we study a "sovereign risk channel" through which sovereign default risk raises funding costs in the...
| Autor principal: | |
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| Altres autors: | , , |
| Format: | Revista |
| Idioma: | English |
| Publicat: |
Washington, D.C. :
International Monetary Fund,
2012.
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| Col·lecció: | IMF Working Papers; Working Paper ;
No. 2012/033 |
| Accés en línia: | Full text available on IMF |