SciELO - Scientific Electronic Library Online

 
vol.26 número2PREDICCION DE CRISIS CAMBIARIA USANDO UN INDICADOR DE SOSTENIBILIDAD FISCALENCADENAMIENTOS Y SIMILITUDES ESTRUCTURALES PARA LAS REGIONES DE CHILE índice de autoresíndice de materiabúsqueda de artículos
Home Pagelista alfabética de revistas  

Revista de análisis económico

versión On-line ISSN 0718-8870

Resumen

AISEN, ARI  y  MORENO, DAVID. FISCAL POLICY IN U.S. AND EUROPE: MACROECONOMIC EFFECTS ON THE MEDIUM TERM. RAE [online]. 2011, vol.26, n.2, pp. 61-79. ISSN 0718-8870.  http://dx.doi.org/10.4067/S0718-88702011000200003.

Notwithstanding the effects of the expansive policies in the advanced economies, due to the 2008financial 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.

Palabras clave : International finance; fiscal policy; emerging markets.

        · resumen en Español     · texto en Español     · pdf en Español