Política Fiscal en EEUU y Europa: Efectos Macroeconómicos de Mediano Plazo

Notwithstanding the effects of the expansive policies in the advanced economies, due to the 2008 financial crises, could raise their interest rates, generating a crowding-out effect over emerging market debt, this relation could not hold given the better fiscal position of these economies, such as Chile. In particular, higher interest rates in advanced economies could reflect a higher risk of default, consistent with their fiscal fragility.

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Year of publication:	2011
Authors:	Aisen, Ari ; Moreno, David
Published in:	Revista de Analisis Economico – Economic Analysis Review. - ILADES, ISSN 0716-5297. - Vol. 26.2011, 2, p. 61-79
Publisher:	ILADES
Subject:	International finance \| fiscal policy \| emerging markets

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Extent:	application/pdf
Type of publication:	Article
Classification:	F30 - International Finance. General ; E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009416797