The rewards of fiscal consolidation: sovereign spreads and confidence effects by Antonio C. David, Jaime Guajardo and Juan F. Yépez published by IMF (7/2019). “…These results constitute direct evidence that confidence effects, in the form of lower sovereigh spreads,…
The rewards of fiscal consolidation: sovereign spreads and confidence effects by Antonio C. David, Jaime Guajardo and Juan F. Yépez published by IMF (2019). “…Our results show that sovereign spreads decline significantly following news that austerity measures have been…
The macroeconomic effects of fiscal consolidation in emerging economies: evidence from Latin America by Yan Carrière-Swallow, Antonio C. David, and Daniel Leigh published by IMF (6/2018). “…Based on this narrative dataset, our estimates suggest that fiscal consolidation has contractionary …
A new action-based dataset of fiscal consolidation in Latin America and the Caribbean by Antonio C. David and Daniel Leigh published by IMF (4/2018). “This paper presents a new database of fiscal consolidations for 14 Latin American and Caribbean…