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...

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Bibliographic Details
Call Number:Libro Electrónico
Main Author: Kumhof, Michael
Other Authors: Laxton, Douglas
Format: Electronic eBook
Language:Inglés
Published: Washington : International Monetary Fund, 2009.
Series:IMF Working Papers.
Subjects:
Finance, Public > Econometric models.
Debts, Public.
Accounts current.
Fiscal policy.
Finances publiques > Modèles économétriques.
Dettes publiques.
Comptes courants.
Politique fiscale.
Accounts current
Debts, Public
Finance, Public > Econometric models
Fiscal policy
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