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Sovereign Risk, Fiscal Policy, and Macroeconomic Stability

Sovereign Risk, Fiscal Policy, and Macroeconomic Stability »

Volume/Issue: 2012/33

Series: IMF Working Papers

Author(s): Keith Kuester , Gernot Mueller , Giancarlo Corsetti , and Andre Meier

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2012

DOI: http://dx.doi.org/10.5089/9781463933180.001

ISBN: 9781463933180

Keywords: zero lower bound, government spending, spending cuts, central bank, inflation,

This paper analyzes the impact of strained government finances on macroeconomic stability and the transmission of fiscal policy. Using a variant of the model by Curdia and Woodford (2009), we study a "sovereign ris...

The Maastricht Inflation Criterion
			: How Unpleasant Is Purgatory?

The Maastricht Inflation Criterion : How Unpleasant Is Purgatory? »

Volume/Issue: 2006/154

Series: IMF Working Papers

Author(s): Ales Bulir , and Jaromír Hurník

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2006

DOI: http://dx.doi.org/10.5089/9781451864144.001

ISBN: 9781451864144

Keywords: ERM2, Maastricht inflation criterion, new EU member countries, monetary policy, central bank, monetary fund, national bank, International Monetary Arrangements and Institutions,

The Maastricht inflation criterion, designed in the early 1990s to bring "high-inflation" EU countries in line with "low-inflation" countries prior to the introduction of the euro, poses challenges for both new EU...

The Maastricht Inflation Criterion

The Maastricht Inflation Criterion »

Source: The Maastricht Inflation Criterion : How Unpleasant Is Purgatory?

Volume/Issue: 2006/154

Series: IMF Working Papers

Author(s): Ales Bulir , and Jaromír Hurník

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2006

ISBN: 9781451864144

Keywords: ERM2, Maastricht inflation criterion, new EU member countries, monetary policy, central bank, monetary fund, national bank, International Monetary Arrangements and Institutions,

The Maastricht inflation criterion, designed in the early 1990s to bring "high-inflation" EU countries in line with "low-inflation" countries prior to the introduction of the euro, poses challenges for both new EU...

Sovereign Risk, Fiscal Policy, and Macroeconomic Stability

Sovereign Risk, Fiscal Policy, and Macroeconomic Stability »

Source: Sovereign Risk, Fiscal Policy, and Macroeconomic Stability

Volume/Issue: 2012/33

Series: IMF Working Papers

Author(s): Keith Kuester , Gernot Mueller , Giancarlo Corsetti , and Andre Meier

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2012

ISBN: 9781463933180

Keywords: zero lower bound, government spending, spending cuts, central bank, inflation,

This paper analyzes the impact of strained government finances on macroeconomic stability and the transmission of fiscal policy. Using a variant of the model by Curdia and Woodford (2009), we study a "sovereign ris...