Flores, Enrique; Leigh, Daniel; Clements, Benedict J. - International Monetary Fund (IMF) - 2009
potential role of fiscal policy in responding to shocks depends critically on financing conditions. … Fiscal Model (GIMF), to assess the macroeconomic effects of external shocks and the impact of various monetary and fiscal … policy responses. The simulations assess the effect of shocks to trade, world income, and risk premia for public debt. The …