Política Fiscal en EEUU y Europa: Efectos Macroeconómicos de Mediano Plazo

  • Ari Aisen Fondo Monetario Internacional
  • David Moreno Department of Economics, College Park, MD 20742, 3105 Tydings Hall
Keywords: International finance, fiscal policy, emerging markets.

Abstract

Notwithstanding the effects of the expansive policies in the advanced economies, due to the 2008 financial crises, could raise their interest rates, generating a crowding-out effect over emerging market debt, this relation could not hold given the better fiscal position of these economies, such as Chile. In particular, higher interest rates in advanced economies could reflect a higher risk of default, consistent with their fiscal fragility.

Author Biography

David Moreno, Department of Economics, College Park, MD 20742, 3105 Tydings Hall

Department of Economics, College Park, MD 20742, 3105 Tydings Hall

How to Cite
Aisen, A., & Moreno, D. (1). Política Fiscal en EEUU y Europa: Efectos Macroeconómicos de Mediano Plazo. Economic Analysis Review, 26(2), 61-80. Retrieved from https://www.rae-ear.org/index.php/rae/article/view/rae27-3
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Articles