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|c 5.00 USD
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|z 9781513584645
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Hatchondo, Juan Carlos.
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|a Numerical Fiscal Rules for Economic Unions :
|b the Role of Sovereign Spreads /
|c Juan Carlos Hatchondo, Leonardo Martinez, Francisco Roch.
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| 264 |
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2021.
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| 300 |
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|a 1 online resource (16 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a We study gains from introducing a common numerical fiscal rule in a "Union" of model economies facing sovereign default risk. We show that among economies in the Union, there is significant disagreement about the common debt limit the Union should implement: the limit preferred by some economies can generate welfare losses in other economies. In contrast, a common sovereign spread limit results in higher welfare across economies in the Union.
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| 538 |
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|a Mode of access: Internet
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| 650 |
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|a Debt Management
|2 imf
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| 650 |
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|a Debt
|2 imf
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| 650 |
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|a Fiscal Policy
|2 imf
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| 650 |
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|a International Lending and Debt Problems
|2 imf
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| 650 |
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|a Open Economy Macroeconomics
|2 imf
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| 700 |
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|a Martinez, Leonardo.
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| 700 |
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|a Roch, Francisco.
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|a IMF Working Papers; Working Paper ;
|v No. 2021/196
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2021/196/001.2021.issue-196-en.xml
|z IMF e-Library
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