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...
| المؤلف الرئيسي: | |
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| مؤلفون آخرون: | , , |
| التنسيق: | دورية |
| اللغة: | English |
| منشور في: |
Washington, D.C. :
International Monetary Fund,
2012.
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| سلاسل: | IMF Working Papers; Working Paper ;
No. 2012/033 |
| الوصول للمادة أونلاين: | Full text available on IMF |