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International evidence on fiscal solvency : is fiscal policy "responsible"?
Mendoza, Enrique G. (Avtor), Ostry, Jonathan David (Avtor)

URLURL - Predstavitvena datoteka, za dostop obiščite http://www.imf.org/external/pubs/ft/wp/2007/wp0756.pdf Povezava se odpre v novem oknu

Izvleček
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 theprimary 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.

Jezik:Angleški jezik
Ključne besede:fiskalna politika, solventnost, javni dohodki, tekoči računi, bilance, preizkušanje domnev, odgovornost, fiscal policy, solvency, public revenue, current accounts, balances, hypotheses testing, responsibility
Vrsta gradiva:Delo ni kategorizirano (r6)
Organizacija:EF - Ekonomska fakulteta
Leto izida:2007
Založnik:International Monetary Fund
Št. strani:30 str.
Kraj:Washington
UDK:336.1
COBISS.SI-ID:17265894 Povezava se odpre v novem oknu
Število ogledov:442
Število prenosov:160
Metapodatki:XML RDF-CHPDL DC-XML DC-RDF
 
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