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...

Cur síos iomlán

Sonraí bibleagrafaíochta
Príomhchruthaitheoir: Kumhof, Michael
Rannpháirtithe: Laxton, Douglas
Formáid: IRIS
Teanga:English
Foilsithe / Cruthaithe: Washington, D.C. : International Monetary Fund, 2009.
Sraith:IMF Working Papers; Working Paper ; No. 2009/237
Rochtain ar líne:Full text available on IMF