Fiscal Policy and the Exchange Rate-Current Account Nexus /
By using a simple intertemporal model of the current account, I show that the exchange rate elasticity of the trade balance would ceteris paribus be smaller for countries with higher government spending ratios (relative to GDP) and with more limited scope for private consumption smoothing. This find...
| Главный автор: | |
|---|---|
| Формат: | Журнал |
| Язык: | English |
| Опубликовано: |
Washington, D.C. :
International Monetary Fund,
2007.
|
| Серии: | IMF Working Papers; Working Paper ;
No. 2007/027 |
| Online-ссылка: | Full text available on IMF |