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...

وصف كامل

التفاصيل البيبلوغرافية
المؤلف الرئيسي: Kumhof, Michael
مؤلفون آخرون: Laxton, Douglas
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 2009.
سلاسل:IMF Working Papers; Working Paper ; No. 2009/237
الوصول للمادة أونلاين:Full text available on IMF