Fiscal Limits, External Debt, and Fiscal Policy in Developing Countries /

Fiscal Limits, External Debt, and Fiscal Policy in Developing Countries /

This paper studies fiscal policy effects in developing countries with external debt and sovereign default risks. State-dependent distributions of fiscal limits are simulated based on macroeconomic uncertainty and fiscal policy specifications. The analysis shows that expected future revenue plays an...

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Bibliografiske detaljer
Hovedforfatter:	Bi, Huixin
Andre forfattere:	Shen, Wenyi, Yang, Susan
Format:	Tidsskrift
Sprog:	English
Udgivet:	Washington, D.C. : International Monetary Fund, 2014.
Serier:	IMF Working Papers; Working Paper ; No. 2014/049
Online adgang:	Full text available on IMF

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