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Fiscal Deficits and Current Account Deficits.
The effectiveness of recent fiscal stimulus packages significantly depends on the assumption of non-Ricardian savings behavior. We show that, under the same assumption, fiscal deficits can have worrisome implications if they turn out to be permanent. First, if they occur in large countries they sign...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Otros Autores: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Washington :
International Monetary Fund,
2009.
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| Colección: | IMF Working Papers.
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| Temas: | |
| Acceso en línea: | Texto completo |
MARC
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|---|---|---|---|
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| 003 | OCoLC | ||
| 005 | 20240329122006.0 | ||
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| 008 | 140208s2009 dcu o 000 0 eng d | ||
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| 020 | |a 9781452706672 | ||
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| 029 | 1 | |a DEBBG |b BV044178653 | |
| 035 | |a (OCoLC)870245498 | ||
| 050 | 4 | |a HJ141 .K864 2009 | |
| 082 | 0 | 4 | |a 338.973 |
| 049 | |a UAMI | ||
| 100 | 1 | |a Kumhof, Michael. | |
| 245 | 1 | 0 | |a Fiscal Deficits and Current Account Deficits. |
| 260 | |a Washington : |b International Monetary Fund, |c 2009. | ||
| 300 | |a 1 online resource (62 pages) | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 490 | 1 | |a IMF Working Papers ; |v v. Working Paper No. 09/237 | |
| 588 | 0 | |a Print version record. | |
| 505 | 0 | |a Cover Page; Title Page; Copyright Page; Contents; I. Introduction; 1. IMF WEO and CBO Baseline Deficit and Debt Projections for the United States; 2. CBO Long-Term Projections for U.S. Fiscal Deficits and Debt; II. The Model; A. Households; 3. Dissaving and the Role of the Planning Horizon; B. Firms; 1. Manufacturers; 2. Distributors; 3. Retailers; C. Government; 1. Budget Constraint; 2. Fiscal Policy; 3. Monetary Policy; D. Equilibrium and Balance of Payments; III. Calibration; IV. Permanent Increases in Fiscal Deficits; A.U.S. Fiscal Deficits. | |
| 505 | 8 | |a 4. One Percentage Point Deficit Shock, Instrument = Taxation, Part I5. One Percentage Point Deficit Shock, Instrument = Taxation, Part II; 6. One Percentage Point Deficit Shock, Instrument = Taxation, Part III; 7. Current Account Deficit and the Planning Horizon; 8. Real Interest Rate and the Planning Horizon; B. Sensitivity Analysis; C. Small Open Economies; 9. One Percentage Point Deficit Shock in a Small Open Economy; 10. Large Open Economy Dissaving; 11. Small Open Economy Dissaving; V. Conclusion; References; Footnotes. | |
| 520 | |a The effectiveness of recent fiscal stimulus packages significantly depends on the assumption of non-Ricardian savings behavior. We show that, under the same assumption, fiscal deficits can have worrisome implications if they turn out to be permanent. First, if they occur in large countries they significantly raise the world real interest rate. Second, they cause a short run current account deterioration equal to around 50 percent of the fiscal deficit deterioration. Third, the longer run current account deterioration equals almost 75 percent for a large economy such as the United States, and a. | ||
| 590 | |a ProQuest Ebook Central |b Ebook Central Academic Complete | ||
| 650 | 0 | |a Finance, Public |x Econometric models. | |
| 650 | 0 | |a Debts, Public. | |
| 650 | 0 | |a Accounts current. | |
| 650 | 0 | |a Fiscal policy. | |
| 650 | 6 | |a Finances publiques |x Modèles économétriques. | |
| 650 | 6 | |a Dettes publiques. | |
| 650 | 6 | |a Comptes courants. | |
| 650 | 6 | |a Politique fiscale. | |
| 650 | 7 | |a Accounts current |2 fast | |
| 650 | 7 | |a Debts, Public |2 fast | |
| 650 | 7 | |a Finance, Public |x Econometric models |2 fast | |
| 650 | 7 | |a Fiscal policy |2 fast | |
| 700 | 1 | |a Laxton, Douglas. | |
| 758 | |i has work: |a Fiscal deficits and current account deficits (Text) |1 https://id.oclc.org/worldcat/entity/E39PCFF8bRY8XDvWVRv8drGBrq |4 https://id.oclc.org/worldcat/ontology/hasWork | ||
| 776 | 0 | 8 | |i Print version: |a Kumhof, Michael. |t Fiscal Deficits and Current Account Deficits. |d Washington : International Monetary Fund, ©2009 |z 9781451873849 |
| 830 | 0 | |a IMF Working Papers. | |
| 856 | 4 | 0 | |u https://ebookcentral.uam.elogim.com/lib/uam-ebooks/detail.action?docID=1608858 |z Texto completo |
| 938 | |a ProQuest Ebook Central |b EBLB |n EBL1608858 | ||
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