Numerical Fiscal Rules for Economic Unions : the Role of Sovereign Spreads /

Numerical Fiscal Rules for Economic Unions : the Role of Sovereign Spreads /

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 eco...

Fuld beskrivelse

Bibliografiske detaljer
Hovedforfatter:	Hatchondo, Juan Carlos
Andre forfattere:	Martinez, Leonardo, Roch, Francisco
Format:	Tidsskrift
Sprog:	English
Udgivet:	Washington, D.C. : International Monetary Fund, 2021.
Serier:	IMF Working Papers; Working Paper ; No. 2021/196
Fag:	Debt Management Debt Fiscal Policy International Lending and Debt Problems Open Economy Macroeconomics
Online adgang:	Full text available on IMF

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