Fiscal policy cyclicality and sovereign risk premia

Bank of Finland

dc.contributor.author	Kilponen, Juha
dc.date.accessioned	2014-09-23T07:28:14Z
dc.date.available	2014-09-23T07:28:14Z
dc.date.issued	2012
dc.identifier.uri	https://helda.helsinki.fi/bof/handle/123456789/10739
dc.description.abstract	A countercyclical fiscal policy is beneficial to the economy, as it smoothes out business cycle fluctuations and reduces government debt servicing costs. If, on the other hand, fiscal policy is procyclical, this hampers the capacity of monetary policy to foster macroeconomic stability. This being the case, decisions by euro area member countries that enhance fiscal discipline will increase stability in the euro area.
dc.format.extent	49-58
dc.language.iso	eng
dc.rights	https://helda.helsinki.fi/bof/copyright
dc.subject	valtionvelka
dc.subject	joukkovelkakirjat
dc.subject	riskit
dc.subject	preemiot
dc.subject	finanssipolitiikka
dc.subject	suhdanteet
dc.subject	hinnat
dc.subject	mallit
dc.subject	rahapolitiikka
dc.subject	vakaus
dc.subject	SP
dc.subject	RP
dc.title	Fiscal policy cyclicality and sovereign risk premia
dc.type	Artikkeli
dc.identifier.urn	URN:NBN:fi:bof-201408073684
dc.series.name	Bank of Finland. Bulletin. Monetary policy and the global economy
dc.series.number	4

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