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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Dettagli Bibliografici
Autore principale:	Kumhof, Michael
Altri autori:	Laxton, Douglas
Natura:	Periodico
Lingua:	English
Pubblicazione:	Washington, D.C. : International Monetary Fund, 2009.
Serie:	IMF Working Papers; Working Paper ; No. 2009/237
Accesso online:	Full text available on IMF

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