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Volatilidad, deuda externa y riesgo fiscal: simulación de los efectos de las sacudidas sobre el ajuste fiscal de 13 países latinoamericanos

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  • Kenneth Kletzer

Abstract

(Disponible en idioma inglés únicamente) En este trabajo se analiza de qué manera la combinación de endeudamiento y sacudidas exógenas inducen la inestabilidad de los países latinoamericanos. Se presenta una técnica para simular los efectos de las sacudidas en los costos del endeudamiento externo y la respuesta de las políticas fiscales en el ajuste a dichas sacudidas, y la misma se aplica a 13 países latinoamericanos endeudados.

Suggested Citation

  • Kenneth Kletzer, 1997. "Volatilidad, deuda externa y riesgo fiscal: simulación de los efectos de las sacudidas sobre el ajuste fiscal de 13 países latinoamericanos," Research Department Publications 4093, Inter-American Development Bank, Research Department.
    • Handle: RePEc:idb:wpaper:4093
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    References listed on IDEAS

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    1. Willem H. Buiter, 1983. "The Theory of Optimum Deficits and Debt," NBER Working Papers 1232, National Bureau of Economic Research, Inc.
    2. Michael Gavin & Roberto Perotti, 1997. "Fiscal Policy in Latin America," NBER Chapters, in: NBER Macroeconomics Annual 1997, Volume 12, pages 11-72, National Bureau of Economic Research, Inc.
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