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…