Fiscal Deficits and Current Account Deficits.

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
Main Author: Kumhof, Michael
Other Authors: Laxton, Douglas
Format: Electronic eBook
Language:English
Published: Washington : International Monetary Fund, 2009.
Series:IMF Working Papers.
Subjects:
Finance, Public > Econometric models.
Debts, Public.
Accounts current.
Fiscal policy.
Online Access: Full text (Wentworth users only)
Local Note:ProQuest Ebook Central

Internet

Full text (Wentworth users only)

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