Fiscal Policy and financial markets

Fiscal Policy and financial markets / prepared by Bernardin Akitoby and Thomas Stratmann.

This paper introduces fiscal policy in a model of sovereign risk spreads ("spreads"). Using panel data from emerging market countries, we find that reductions in public expenditure are a more powerful tool for reducing spreads than increases in revenues. Specifically, cuts in current spend...

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Bibliographic Details
Main Authors: Akitoby, Bernardin (Author), Stratmann, Thomas (Author)
Format: eBook
Language:English
Published: [Washington, D.C.] : International Monetary Fund, IMF Institute, 2006.
Series:IMF working paper ; WP/06/16.
Subjects:
Fiscal policy > Econometric models.
Capital market.
Capital market
Fiscal policy > Econometric models
Online Access:Click for online access
Table of Contents:
  • Contents
  • I. INTRODUCTION
  • II. PREVIOUS LITERATURE
  • III. ANALYTICAL FRAMEWORK
  • IV. CONCLUSIONS AND POLICY IMPLICATIONS
  • REFERENCES

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