Transmission of the Effects of the Fiscal Deficit in Industrial Countries to the Fiscal Deficit of the Developing Countries.
The paper shows that an increase in the aggregate fiscal deficit of the industrial countries may worsen the economic growth and fiscal balance of the developing countries that are burdened with external debt and facing current account constraints. The discussion is based on theoretical analysis and...
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| Формат: | Журнал |
| Язык: | English |
| Опубликовано: |
Washington, D.C. :
International Monetary Fund,
1988.
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| Серии: | IMF Working Papers; Working Paper ;
No. 1988/046 |
| Online-ссылка: | Full text available on IMF |