Mechanisms of default risk transmission and economic policy coordination

This paper analyses the coordination between monetary and fiscal policy in an emerging economy with an inflation-targeting monetary regime, in a context in which default risk shocks can lead to macroeconomic imbalances. It develops a macrodynamic model in order to capture the mechanisms of default r...

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Autores principales:	Junior, Karlo Marques, Correia, Fernando Motta
Formato:	Texto
Lenguaje:	English
Publicado:	2017
Materias:	POLITICA ECONOMICA POLITICA FISCAL INFLACION POLITICA MONETARIA MACROECONOMIA DEUDA EXTERNA MERCADOS EMERGENTES ECONOMIC POLICY FISCAL POLICY INFLATION MONETARY POLICY MACROECONOMICS EXTERNAL DEBT EMERGING MARKETS
Acceso en línea:	http://hdl.handle.net/11362/41254
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id	oai-11362-41254
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spelling	oai-11362-412542020-03-06T16:50:27Z Mechanisms of default risk transmission and economic policy coordination Junior, Karlo Marques Correia, Fernando Motta POLITICA ECONOMICA POLITICA FISCAL INFLACION POLITICA MONETARIA MACROECONOMIA DEUDA EXTERNA MERCADOS EMERGENTES ECONOMIC POLICY FISCAL POLICY INFLATION MONETARY POLICY MACROECONOMICS EXTERNAL DEBT EMERGING MARKETS This paper analyses the coordination between monetary and fiscal policy in an emerging economy with an inflation-targeting monetary regime, in a context in which default risk shocks can lead to macroeconomic imbalances. It develops a macrodynamic model in order to capture the mechanisms of default risk transmission and its effects on the definition of reaction functions for the monetary and fiscal authorities. The main findings of the model point to the existence of new mechanisms of default risk transmission associated with price and fiscal stability. 2017-04-25T14:37:54Z 2017-04-25T14:37:54Z 2016-12 Texto Sección o Parte de un Documento http://hdl.handle.net/11362/41254 LC/G.2694-P 2 en CEPAL Review CEPAL Review 120 .pdf application/pdf
institution	Cepal
collection	Cepal
language	English
topic	POLITICA ECONOMICA POLITICA FISCAL INFLACION POLITICA MONETARIA MACROECONOMIA DEUDA EXTERNA MERCADOS EMERGENTES ECONOMIC POLICY FISCAL POLICY INFLATION MONETARY POLICY MACROECONOMICS EXTERNAL DEBT EMERGING MARKETS
spellingShingle	POLITICA ECONOMICA POLITICA FISCAL INFLACION POLITICA MONETARIA MACROECONOMIA DEUDA EXTERNA MERCADOS EMERGENTES ECONOMIC POLICY FISCAL POLICY INFLATION MONETARY POLICY MACROECONOMICS EXTERNAL DEBT EMERGING MARKETS Junior, Karlo Marques Correia, Fernando Motta Mechanisms of default risk transmission and economic policy coordination
description	This paper analyses the coordination between monetary and fiscal policy in an emerging economy with an inflation-targeting monetary regime, in a context in which default risk shocks can lead to macroeconomic imbalances. It develops a macrodynamic model in order to capture the mechanisms of default risk transmission and its effects on the definition of reaction functions for the monetary and fiscal authorities. The main findings of the model point to the existence of new mechanisms of default risk transmission associated with price and fiscal stability.
format	Texto
author	Junior, Karlo Marques Correia, Fernando Motta
author_facet	Junior, Karlo Marques Correia, Fernando Motta
author_sort	Junior, Karlo Marques
title	Mechanisms of default risk transmission and economic policy coordination
title_short	Mechanisms of default risk transmission and economic policy coordination
title_full	Mechanisms of default risk transmission and economic policy coordination
title_fullStr	Mechanisms of default risk transmission and economic policy coordination
title_full_unstemmed	Mechanisms of default risk transmission and economic policy coordination
title_sort	mechanisms of default risk transmission and economic policy coordination
publishDate	2017
url	http://hdl.handle.net/11362/41254
work_keys_str_mv	AT juniorkarlomarques mechanismsofdefaultrisktransmissionandeconomicpolicycoordination AT correiafernandomotta mechanismsofdefaultrisktransmissionandeconomicpolicycoordination
_version_	1718435167614271488

Mechanisms of default risk transmission and economic policy coordination

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