International Evidenceon Fiscal Solvency : Is Fiscal Policy "Responsible"? /

This paper looks at fiscal solvency and public debt sustainability in both emerging market and advanced countries. Evidence of fiscal solvency, in the form of a robust positive conditional relationship between public debt and the primary fiscal balance, is established in both groups of countries. Ev...

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Bibliografische gegevens
Hoofdauteur: Mendoza, Enrique
Andere auteurs: Ostry, Jonathan
Formaat: Tijdschrift
Taal:English
Gepubliceerd in: Washington, D.C. : International Monetary Fund, 2007.
Reeks:IMF Working Papers; Working Paper ; No. 2007/056
Online toegang:Full text available on IMF