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Ausencia de Señoreaje y Solvencia del Gobierno ante la U.E.M ¿Puede España Cumplir Ambas Condiciones?

Economic Analysis Review

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Title Ausencia de Señoreaje y Solvencia del Gobierno ante la U.E.M ¿Puede España Cumplir Ambas Condiciones?
Ausencia de Señoreaje y Solvencia del Gobierno ante la U.E.M ¿Puede España Cumplir Ambas Condiciones?
 
Creator Camarero, Mariam
Esteve, Vicente
Tamarit, Cecilio
 
Description In this paper the sustainability of the Spanish fiscal policy is examined. The aim of the paper is to test whether the government's budget is balanced intertemporally in the context of a growing economy. where the variables are normalised by real GDP and population. The conclusions are, first, that the Spanish fiscal policy is not sustainable without seigniorage and second, that the Government may run into problems of marketing its debt in the future if the current fiscal policy continues without holdillg the restriction imposed on the debt/GDP ratio.
In this paper the sustainability of the Spanish fiscal policy is examined. The aim of the paper is to test whether the government's budget is balanced intertemporally in the context of a growing economy. where the variables are normalised by real GDP and population. The conclusions are, first, that the Spanish fiscal policy is not sustainable without seigniorage and second, that the Government may run into problems of marketing its debt in the future if the current fiscal policy continues without holdillg the restriction imposed on the debt/GDP ratio.
 
Publisher Universidad Alberto Hurtado - Facultad de Economía y Negocios
 
Contributor —
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Date 2010-03-09
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
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Format application/pdf
 
Identifier http://www.rae-ear.org/index.php/rae/article/view/195
 
Source Revista de Análisis Económico - Economic Analysis Review; Vol 9, No 2 (1994); 3-24
Revista de Análisis Económico – Economic Analysis Review; Vol 9, No 2 (1994); 3-24
0718-8870
0716-5927
 
Language spa
 
Relation http://www.rae-ear.org/index.php/rae/article/view/195/355