André, Marine C.; Armijo, Alberto; Espidio, Sebastián … - In: Latin American journal of central banking : LAJCB 4 (2023) 1, pp. 1-19
2019Q4. The fiscal policy block models the fiscal deficit depending on output, an endogenous sovereign risk premium, a …, such as a drop in commodity prices, an expansion of public spending, an increase in the risk premium, a hike in the … interest rate, and depreciation of the real exchange rate. We show that, remarkably, the risk premium channel transmits threats …
