Proaño, Christian R. - Institut für Makroökonomie und Konjunkturforschung … - 2013
This paper studies the dynamics of macroeconomic risk, fiscal policy and the macroeconomy in a two-country monetary … consumption over time, as well as to assess macroeconomic risk. Further, the macroeconomic consequences of a divergence between … the design of fiscal policy and the behavioral perception of macroeconomic risk by the financial markets are investigated …