1.
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We develop a closed economy model to study the interactions among sovereign risk premia, fiscal limits, and fiscal policy. The stochastic fiscal limits, which measure the[...]
2011 | Text | Staff Working Paper - Document de travail du personnel |
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2.
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The authors study the implications of fiscal policy behaviour for sovereign risk in a framework that determines a country’s fiscal limit, the point at which, for economic[...]
2013 | Text | Staff Working Paper - Document de travail du personnel |
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3.
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The paper explores the macroeconomic consequences of fiscal consolidations whose timing and composition - either tax- or spending-based - are uncertain. We find that the [...]
2013 | Text | Staff Working Paper - Document de travail du personnel |
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4.
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Domestic public debt issued by emerging markets has risen significantly relative to international debt in recent years. Some recent empirical evidence also suggests that [...]
2007 | Text | Staff Working Paper - Document de travail du personnel |
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5.
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The stochastic simulation model suggested by Bolder (2003) for the analysis of the federal government's debt-management strategy provides a wide variety of useful informa[...]
2007 | Text | Staff Working Paper - Document de travail du personnel |
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6.
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Debt strategy is defined as the manner in which a government finances an excess of government expenditures over revenues and any maturing debt issued in previous periods.[...]
2003 | Text | Staff Working Paper - Document de travail du personnel |
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7.
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The government’s objective in managing its domestic debt portfolio is to raise stable, low-cost funding for its operational needs. The Bank of Canada provides analysis an[...]
2011 | Text | Staff Discussion Paper - Document d’analyse du personnel |
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8.
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Une augmentation du déficit des administrations publiques peut produire deux effets : elle peut stimuler la demande globale et l'emploi dans le court terme et provoquer u[...]
1987 | Texte | Rapport technique - Technical Report |
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9.
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Les économistes se sont longtemps demandé si le financement des déficits du gouvernement par l'émission d'obligations plutôt que par l'augmentation des impôts entraîne de[...]
1983 | Texte | Rapport technique - Technical Report |
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10.
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There are many models of fiscal policy in the economic literature and each has been based on a particular set of assumptions concerning the interaction of policy variable[...]
1983 | Text | Technical Report - Rapport technique |
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