Celasun, Oya; Debrun, Xavier; Ostry, Jonathan David - International Monetary Fund (IMF) - 2006
, and the possible shocks arising from fiscal policy itself. The paper emphasizes the role of fiscal behavior, as well as … the structure of disturbances facing the economy and due to fiscal policy, in shaping the risk profile of public debt. Fan … fiscal policy on the other. Applications to Argentina, Brazil, Mexico, South Africa, and Turkey are used to illustrate the …