A Party without a Hangover? : On the Effects of U.S. Government Deficits /
This paper develops a 2-country New Keynesian overlapping generations model suitable for the joint evaluation of monetary and fiscal policies. We show that a permanent increase in U.S. government deficits raises the world real interest rate and significantly increases U.S. current account deficits,...
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| フォーマット: | 雑誌 |
| 言語: | English |
| 出版事項: |
Washington, D.C. :
International Monetary Fund,
2007.
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| シリーズ: | IMF Working Papers; Working Paper ;
No. 2007/202 |
| オンライン･アクセス: | Full text available on IMF |