The Rewards of Fiscal Consolidation : Sovereign Spreads and Confidence Effects /

This paper investigates the effects of fiscal consolidation announcements on sovereign spreads in a panel of 21 emerging market economies during 2000-18. We construct a novel dataset using a global news database to identify the precise announcement date of fiscal consolidation actions. Our results s...

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Бібліографічні деталі
Автор: David, Antonio
Інші автори: Guajardo, Jaime, Yepez, Juan
Формат: Журнал
Мова:English
Опубліковано: Washington, D.C. : International Monetary Fund, 2019.
Серія:IMF Working Papers; Working Paper ; No. 2019/141
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Онлайн доступ:Full text available on IMF