文章基本信息

标题：Ausencia de SeÃ±oreaje y Solvencia del Gobierno ante la U.E.M Â¿Puede EspaÃ±a Cumplir Ambas Condiciones?
本地全文：下载
作者：Mariam Camarero ; Vicente Esteve ; Cecilio Tamarit 等
期刊名称：Revista de Análisis Económico (RAE)
印刷版ISSN：0716-5927
电子版ISSN：0718-8870
出版年度：1994
卷号：9
期号：2
页码：3-24
出版社：ILADES & Universidad Alberto Hurtado
摘要：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.