Fiscal Rules and the Sovereign Default Premium

Working Paper No. 12/30

Nopic
This paper finds optimal fiscal rule parameter values and measures the effects of imposing fiscal rules using a default model calibrated to an economy that in the absence of a fiscal rule pays a significant sovereign default premium. The paper also studies the case in which the government conducts a voluntary debt restructuring to capture the... READ MORE...

Publication date: January 2012
ISBN 9781463933159
$18.00

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Publication date: January 2012

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Publication date: January 2012

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