Andrian, Leandro; Mercer-Blackman, Valerie; Presbitero, … - Inter-American Development Bank - 2013
High government debts, weak economic growth, vulnerability to external shocks and the design of sound fiscal …. Stabilization programs may harm economic growth but, under certain conditions, they could be expansionary. The main result of this … analysis is that the uncertainty about the future evolution of debt increases when the volatility of exogenous shocks that …