Hidden Bibliographic Details
| Other authors / contributors: | Ostry, Jonathan David, 1962- author.
International Monetary Fund. Research Department.
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| ISBN: | 1283518430
9781283518437
1451910738
9781451910735
9781451866209
1451866208
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| Notes: | Includes bibliographical references (pages 29-30).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | 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, at high debt levels. These findings suggest that many industrial and emerging market economies, including several where fiscal solvency has been the subject of recent debates, appear to conduct fiscal policy responsibly. Yet our results cannot reject the hypothesis of fiscal insolvency in groups of countries with high debt ratios.
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| Other form: | Print version: Mendoza, Enrique G., 1963- International evidence on fiscal solvency. Washington, D.C. : International Monetary Fund, ©2007
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| Standard no.: | 10.5089/9781451910735.001
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