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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| Muut tekijät: | , |
| Aineistotyyppi: | Aikakauslehti |
| Kieli: | English |
| Julkaistu: |
Washington, D.C. :
International Monetary Fund,
2021.
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| Sarja: | IMF Working Papers; Working Paper ;
No. 2021/196 |
| Aiheet: | |
| Linkit: | Full text available on IMF |