H30 - General - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T09:34:44+00:00Sovereign Default Risk Premia, Fiscal Limits and Fiscal Policy
https://www.bankofcanada.ca/2011/03/working-paper-2011-10/
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 ability and willingness of the government to service its debt, arise endogenously from a dynamic Laffer curve.2011-03-31T10:24:25+00:00enSovereign Default Risk Premia, Fiscal Limits and Fiscal Policy2011-03-31Fiscal policyInternational topicsWorking Paper 2011-10https://www.bankofcanada.ca/wp-content/uploads/2011/03/wp11-10.pdfSovereign Default Risk Premia, Fiscal Limits and Fiscal PolicyHuixin BiMarch 2011EE6E62HH3H30H6H60