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,... READ MORE...

Publication date: March 2007
ISBN 9781451866209
$18.00

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