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...

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Príomhchruthaitheoir: Diaz Kalan, Federico
Rannpháirtithe: Popescu, Adina, Reynaud, Julien
Formáid: IRIS
Teanga:English
Foilsithe / Cruthaithe: Washington, D.C. : International Monetary Fund, 2018.
Sraith:IMF Working Papers; Working Paper ; No. 2018/087
Rochtain ar líne:Full text available on IMF