International evidence on fiscal solvency : is fiscal policy "responsible"? /

International evidence on fiscal solvency : is fiscal policy "responsible"? /

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Bibliographic Details
Author / Creator:	Mendoza, Enrique G., 1963- author.
Imprint:	Washington, D.C. : International Monetary Fund, ©2007.
Description:	1 online resource (30 pages) : illustrations
Language:	English
Series:	IMF working paper ; WP/07/56.
Subject:	Fiscal policy. Fiscal policy -- Econometric models. Debts, Public. Debts, Public -- Econometric models. Deficit financing. Deficit financing -- Econometric models. Debts, Public. Debts, Public -- Econometric models. Deficit financing. Deficit financing -- Econometric models. Fiscal policy. Fiscal policy -- Econometric models.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12496309

Hidden Bibliographic Details
Other authors / contributors:	Ostry, Jonathan David, 1962- author. International Monetary Fund. Research Department.
ISBN:	1283518430 9781283518437 1451910738 9781451910735 9781451866209 1451866208
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.
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.
Other form:	Print version: Mendoza, Enrique G., 1963- International evidence on fiscal solvency. Washington, D.C. : International Monetary Fund, ©2007
Standard no.:	10.5089/9781451910735.001

Description
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.
Physical Description:	1 online resource (30 pages) : illustrations
Format:	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.
Bibliography:	Includes bibliographical references (pages 29-30).
ISBN:	1283518430 9781283518437 1451910738 9781451910735 9781451866209 1451866208