Fiscal Deficits And Current Account Deficits

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Fiscal Deficits And Current Account Deficits

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Author : Mr.Michael Kumhof
language : en
Publisher: International Monetary Fund
Release Date : 2009-10-01

Fiscal Deficits And Current Account Deficits written by Mr.Michael Kumhof and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-10-01 with Business & Economics categories.

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 significantly raise the world real interest rate. Second, they cause a short run current account deterioration equal to around 50 percent of the fiscal deficit deterioration. Third, the longer run current account deterioration equals almost 75 percent for a large economy such as the United States, and almost 100 percent for a small open economy.

Current Account Deficits External Liabilities And Economic Policy

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Author : Mr.J. D. Pitchford
language : en
Publisher: International Monetary Fund
Release Date : 1992-07-01

Current Account Deficits External Liabilities And Economic Policy written by Mr.J. D. Pitchford and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992-07-01 with Business & Economics categories.

This paper assesses the policy significance of foreign liabilities and the current account deficits that give rise to them. Current account imbalances are shown to have some capacity to indicate difficulties elsewhere in the economy, but are imperfect indicators and subject to potential misinterpretation. The paper concludes that successful pursuit of internal balance could be an important factor in stabilizing current account balances, but, beyond that, there seems no good reason for using macroeconomic policy to target the current account as such. However, there may be grounds for microeconomic action to remedy specifically identified problems.

Fiscal Policy And The Current Account

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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2010-05-01

Fiscal Policy And The Current Account written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-05-01 with Business & Economics categories.

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.

The U S Current Account Deficit Whose Problem Is It

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Author : Hauke Barschel
language : en
Publisher: GRIN Verlag
Release Date : 2007-12-10

The U S Current Account Deficit Whose Problem Is It written by Hauke Barschel and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-12-10 with Business & Economics categories.

Seminar paper from the year 2004 in the subject Economics - International Economic Relations, grade: 1,7 (A-), Anglia Ruskin University (Ashcroft International Business School), language: English, abstract: Since the beginning of the 1980s in almost every year the United States (US or USA) current account has shown a deficit. After a brief overview about the components of a country's current account this work provides an analysis of the US deficit's effects on the US economy. Furthermore it investigates effects on economies outside the US in order to verify whose problem it is.

Do Fiscal Deficits Influence Current Accounts A Case Study Of India

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Author : Ashok Parikh
language : en
Publisher:
Release Date : 2007

Do Fiscal Deficits Influence Current Accounts A Case Study Of India written by Ashok Parikh and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with categories.

This paper examines the effects of fiscal deficits on the current account deficits in the Indian economy. In many developing countries, fiscal deficits are mostly financed through monetization, causing crowding out of private investment expenditures. However, fiscal deficits in India are mostly financed through official borrowings from various external sources, leading to higher interest payments and outgoings on the external account. Such a policy could eventually precipitate balance of payments crises despite favorable trade account and real exchange rate. Data over three decades for the Indian economy show that, in addition to the real exchange rate and the ratio of private investment to GDP, fiscal deficits significantly contribute to the current account deficits.

Policies For Reducing The Current Account Deficit

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Author :
language : en
Publisher:
Release Date : 1989

Policies For Reducing The Current Account Deficit written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989 with Balance of payments categories.

Budget Deficits And Macroeconomic Policy

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Author : J. Perkins
language : en
Publisher: Springer
Release Date : 1997-05-29

Budget Deficits And Macroeconomic Policy written by J. Perkins and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997-05-29 with Business & Economics categories.

Discussions of macroeconomic policy often focus on changes in the budget deficit. A low budget deficit is one of the criteria for admission to the EMU. But some combinations of fiscal measures having a given effect on the budget deficit can have damaging effects on the principal macroeconomic objectives such as inflation and full employment, whereas other combinations will not. This is illustrated by using results from simulations for various OECD countries.

Budget Deficits And The Current Account

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Author : John T. Cuddington
language : en
Publisher:
Release Date : 1984

Budget Deficits And The Current Account written by John T. Cuddington and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1984 with Balance of payments categories.

Se trata de explicar los efectos del deficit publico en la balanza de pagos por cuenta corriente, el tipo de cambio real y el nivel de renta. Para ello, se construye un modelo intertemporal de desequilibrio de una economia monetaria abierta con tipo de cambio flexible.

Emerging Markets And Financial Resilience

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Author : C. Hooy
language : en
Publisher: Palgrave Macmillan
Release Date : 2013-08-23

Emerging Markets And Financial Resilience written by C. Hooy and has been published by Palgrave Macmillan this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-08-23 with Business & Economics categories.

Emerging Markets and Financial Resilience presents a picture of finance research. The issue of financial resilience in emerging markets is apt and timely as emerging countries are faced with the challenge of finding ways of sustaining their current trajectory in shaping the global financial architecture to ensure sustainable growth.

Effects Of Budget Deficits On The Current Account Balance In Nigeria

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Author : Festus O. Egwaikhide
language : en
Publisher:
Release Date : 1997

Effects Of Budget Deficits On The Current Account Balance In Nigeria written by Festus O. Egwaikhide and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Accounts current categories.