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...

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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:
Online adgang:Full text available on IMF

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