International Evidenceon Fiscal Solvency : Is Fiscal Policy "Responsible"?

Is Fiscal Policy "Responsible"?

International Evidenceon Fiscal Solvency : Is Fiscal Policy "Responsible"?
This paper looks at fiscal solvency and public debt sustainability in both emerging market and advanced countries. Evidence of fiscal solvency, in the form of a robust positive conditional relationship between public debt and the primary fiscal balance, is established in both groups of countries. Evidence of fiscal solvency is much weaker, however, READ MORE...

Publication date: March 2007
ISBN 9781451866209
$18.00

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