Thou Shalt Not Breach : The Impact on Sovereign Spreads of Noncomplying with the EU Fiscal Rules /

There is evidence that fiscal rules, in particular well-designed rules, are associated with lower sovereign spreads. However, the impact of noncompliance with fiscal rules on spreads has not been examined in the literature. This paper estimates the effect of the Excessive Deficit Procedure (EDP) on...

Täydet tiedot

Bibliografiset tiedot
Päätekijä: Diaz Kalan, Federico
Muut tekijät: Popescu, Adina, Reynaud, Julien
Aineistotyyppi: Aikakauslehti
Kieli:English
Julkaistu: Washington, D.C. : International Monetary Fund, 2018.
Sarja:IMF Working Papers; Working Paper ; No. 2018/087
Linkit:Full text available on IMF