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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Xehetasun bibliografikoak
Egile nagusia: Kumhof, Michael
Beste egile batzuk: Laxton, Douglas
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 2009.
Saila:IMF Working Papers; Working Paper ; No. 2009/237
Sarrera elektronikoa:Full text available on IMF