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...
| Hovedforfatter: | |
|---|---|
| Andre forfattere: | , , |
| Format: | Tidsskrift |
| Sprog: | English |
| Udgivet: |
Washington, D.C. :
International Monetary Fund,
2012.
|
| Serier: | IMF Working Papers; Working Paper ;
No. 2012/033 |
| Online adgang: | Full text available on IMF |