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Record Nr. |
UNINA9910788696803321 |
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Autore |
Akitoby Bernardin |
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Titolo |
Fiscal Policy and Financial Markets / / Bernardin Akitoby, Thomas Stratmann |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2006 |
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ISBN |
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1-4623-1551-8 |
1-4527-6630-4 |
1-283-51826-0 |
1-4519-0812-1 |
9786613830715 |
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Descrizione fisica |
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1 online resource (26 p.) |
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Collana |
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Altri autori (Persone) |
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Soggetti |
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Fiscal policy - Econometric models |
Capital market |
Financial Risk Management |
Macroeconomics |
Public Finance |
Inflation |
Fiscal Policy |
International Financial Markets |
Fiscal Policies and Behavior of Economic Agents: Other |
Debt |
Debt Management |
Sovereign Debt |
National Government Expenditures and Related Policies: General |
Financial Crises |
Price Level |
Deflation |
Public finance & taxation |
Economic & financial crises & disasters |
Current spending |
Fiscal policy |
Fiscal consolidation |
Expenditure |
Financial crises |
Prices |
Expenditures, Public |
United States |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Nota di bibliografia |
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Includes bibliographical references. |
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Nota di contenuto |
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""Contents""; ""I. INTRODUCTION""; ""II. PREVIOUS LITERATURE""; ""III. ANALYTICAL FRAMEWORK""; ""IV. CONCLUSIONS AND POLICY IMPLICATIONS""; ""REFERENCES"" |
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Sommario/riassunto |
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This paper introduces fiscal policy in a model of sovereign risk spreads ("spreads"). Using panel data from emerging market countries, we find that reductions in public expenditure are a more powerful tool for reducing spreads than increases in revenues. Specifically, cuts in current spending lower spreads by more than cuts in investment spending, and they also lower spreads by more than increases in revenue. We also show that debt-financed current spending increases sovereign risk by more than tax-financed current spending, suggesting that international investors have some preference for the latter. In line with the empirical literature on the determinants of spreads, we find that liquidity and solvency indicators, as well as macroeconomic fundamentals, are also important determinants of spreads. |
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2. |
Record Nr. |
UNINA9910557393703321 |
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Autore |
Gafos Adamantios |
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Titolo |
Models and Theories of Speech Production |
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Pubbl/distr/stampa |
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Descrizione fisica |
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1 online resource (310 p.) |
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Soggetti |
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Psychology |
Science: general issues |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Sommario/riassunto |
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This eBook is a collection of articles from a Frontiers Research Topic. Frontiers Research Topics are very popular trademarks of the Frontiers Journals Series: they are collections of at least ten articles, all centered on a particular subject. With their unique mix of varied contributions from Original Research to Review Articles, Frontiers Research Topics unify the most influential researchers, the latest key findings and historical advances in a hot research area! Find out more on how to host your own Frontiers Research Topic or contribute to one as an author by contacting the Frontiers Editorial Office: frontiersin.org/about/contact |
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