International Evidence On Fiscal Solvency: Is Fiscal Policy Responsible?
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| Originally published | March 2007 |
| Authors | Jonathan D. Ostry |
| Enrique G. Mendoza | |
| Date of Reg. | |
| Date of Upd. | |
| ID | 2111634 |
About International Evidence On 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. . . .