Fiscal Expansion And External Current Account Balance
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| Author | : International Monetary Fund |
| Publisher | : International Monetary Fund |
| Total Pages | : 46 |
| Release | : 1988-11-16 |
| Genre | : Business & Economics |
| ISBN | : 145194862X |
Download Fiscal Expansion and External Current Account Balance Book in PDF, Epub and Kindle
This paper analyzes, in a general equilibrium framework, how fiscal policy transmits its effects to the current account of the balance of payments. In discussing the role of fiscal policies in the Fund’s stabilization programs, the paper compares different approaches to explain the determination of the external balance. The model presented here is based on intertemporal optimization and focuses on the behavior of private and public agents. Some empirical evidence is also presented, based on data from ten Latin American countries. Finally, an appendix presents an integrated system of financial, external, and government accounts.
| Author | : Gloria Bartoli |
| Publisher | : |
| Total Pages | : 46 |
| Release | : 2006 |
| Genre | : |
| ISBN | : |
Download Fiscal Expansion and External Current Account Balance Book in PDF, Epub and Kindle
This paper analyzes, in a general equilibrium framework, how fiscal policy transmits its effects to the current account of the balance of payments. In discussing the role of fiscal policies in the Fund`s stabilization programs, the paper compares different approaches to explain the determination of the external balance. The model presented here is based on intertemporal optimization and focuses on the behavior of private and public agents. Some empirical evidence is also presented, based on data from ten Latin American countries. Finally, an appendix presents an integrated system of financial, external, and government accounts.
| Author | : International Monetary Fund |
| Publisher | : International Monetary Fund |
| Total Pages | : 32 |
| Release | : 2010-05-01 |
| Genre | : Business & Economics |
| ISBN | : 1455200808 |
Download Fiscal Policy and the Current Account Book in PDF, Epub and Kindle
This paper examines the relationship between fiscal policy and the current account, drawing on a larger country sample than in previous studies and using panel regressions, vector autoregressions, and an analysis of large fiscal and external adjustments. On average, a strengthening in the fiscal balance by 1 percentage point of GDP is associated with a current account improvement of 0.2–0.3 percentage point of GDP. This association is as strong in emerging and low-income countries as it is in advanced economies; and significantly higher when output is above potential.
| Author | : John F. Helliwell |
| Publisher | : |
| Total Pages | : 52 |
| Release | : 1990 |
| Genre | : Balance of payments |
| ISBN | : |
Download Fiscal Policy and the External Deficit Book in PDF, Epub and Kindle
This paper first surveys a number of partial and macroeconomic approaches to the determination of the current account, and then summarizes the evidence from multicountry economic models about the linkages between U.S. government spending and the U.S. current account during the 1 980s. The available evidence from a large number of multicountry models suggests that the U.S. fiscal policy of the first half of the 1980s was responsible for about half of the buildup in the external deficit, and that the accumulated net foreign debt is about 500 billion dollars higher than it would have been without the fiscal expansion.
| Author | : International Monetary Fund |
| Publisher | : International Monetary Fund |
| Total Pages | : 40 |
| Release | : 1988-05-13 |
| Genre | : Business & Economics |
| ISBN | : 1451976925 |
Download Policy Assignment Strategies with Somewhat Flexible Exchange Rates Policy Book in PDF, Epub and Kindle
The choice of assigning monetary or fiscal policy to external balance is complicated when the authorities are concerned with both the current account balance and the exchange rate. A strategy of using monetary policy to control the current account via the exchange rate may fail, because the relative-price effect is likely to be offset by the effect of monetary policy on aggregate demand. An alternative strategy, in which fiscal policy is assigned to limit shifts in the current account while the exchange rate is not directly targeted, may have a better chance of having favorable effects on both variables.
| Author | : Leslie Lipschitz |
| Publisher | : Cambridge University Press |
| Total Pages | : 312 |
| Release | : 2019-01-23 |
| Genre | : Business & Economics |
| ISBN | : 1108568467 |
Download Macroeconomics for Professionals Book in PDF, Epub and Kindle
Understanding macroeconomic developments and policies in the twenty-first century is daunting: policy-makers face the combined challenges of supporting economic activity and employment, keeping inflation low and risks of financial crises at bay, and navigating the ever-tighter linkages of globalization. Many professionals face demands to evaluate the implications of developments and policies for their business, financial, or public policy decisions. Macroeconomics for Professionals provides a concise, rigorous, yet intuitive framework for assessing a country's macroeconomic outlook and policies. Drawing on years of experience at the International Monetary Fund, Leslie Lipschitz and Susan Schadler have created an operating manual for professional applied economists and all those required to evaluate economic analysis.
| Author | : John Pitchford |
| Publisher | : Routledge |
| Total Pages | : 218 |
| Release | : 2002-03-11 |
| Genre | : Business & Economics |
| ISBN | : 1134869517 |
Download The Current Account and Foreign Debt Book in PDF, Epub and Kindle
It is generally assumed that current deficits are intrinsically bad and in need of correction. The Current Account and Foreign Debt argues that this is not always the case. The author analyses a broad range of issues in support of this argument. These include: * Approaches to current account balance * Short run issues * Longer run issues * Policy The book can be read as an integrated whole, or alternatively, each chapter can be consulted without reference to the others. The Current Account and Foreign Debt provides the counterbalance to a common misapprehension in economic theory. It will be a valuable guide for all those interested in international monetary theory.
| Author | : Mr.Mario I. Bléjer |
| Publisher | : International Monetary Fund |
| Total Pages | : 404 |
| Release | : 1989-06-15 |
| Genre | : Business & Economics |
| ISBN | : 9781557750341 |
Download Fiscal Policy, Stabilization, and Growth in Developing Countries Book in PDF, Epub and Kindle
Edited by Mario I. Blejer and Ke-young Chu, this book investigates linkages among components of the public sector, as well as between macro and micro aspects of fiscal policy, in developing countries. It presents 13 papers prepared by economists of the IMF's Fiscal Affairs Department.
| Author | : Mr.Gian Milesi-Ferretti |
| Publisher | : International Monetary Fund |
| Total Pages | : 17 |
| Release | : 1997-12-01 |
| Genre | : Business & Economics |
| ISBN | : 1451858221 |
Download Sharp Reductions in Current Account Deficits Book in PDF, Epub and Kindle
The paper studies determinants and consequences of sharp reductions in current account imbalances (reversals) in low- and middle-income countries. It poses two questions: what triggers reversals, and what factors explain how costly reversals are? It finds that both domestic variables, such as the current account balance, openness to trade, and the level of reserves, and external variables, such as terms of trade shocks, U.S. real interest rates, and growth in industrial countries, seem to play important roles in explaining reversals in current account imbalances. It also finds some evidence that countries with a less appreciated real exchange rate, higher investment, and more openness before the reversal tend to grow faster after a reversal occurs.
| Author | : G. Gomel |
| Publisher | : |
| Total Pages | : 80 |
| Release | : 1989 |
| Genre | : Balance of payments |
| ISBN | : |
Download The Adjustment of the US Current Account Imbalance Book in PDF, Epub and Kindle
