Fiscal Expansion And External Current Account Balance
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Fiscal Expansion And External Current Account Balance
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 1988-11-16
Fiscal Expansion And External Current Account Balance 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 1988-11-16 with Business & Economics categories.
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.
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 Current Account And Foreign Debt
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Author : John Pitchford
language : en
Publisher: Routledge
Release Date : 2002-03-11
The Current Account And Foreign Debt written by John Pitchford and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-03-11 with Business & Economics categories.
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.
Sharp Reductions In Current Account Deficits
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Author : Mr.Gian Milesi-Ferretti
language : en
Publisher: International Monetary Fund
Release Date : 1997-12-01
Sharp Reductions In Current Account Deficits written by Mr.Gian Milesi-Ferretti 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 1997-12-01 with Business & Economics categories.
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.
Fiscal Policy Stabilization And Growth In Developing Countries
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Author : Mr.Mario I. Bléjer
language : en
Publisher: International Monetary Fund
Release Date : 1989-06-15
Fiscal Policy Stabilization And Growth In Developing Countries written by Mr.Mario I. Bléjer 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 1989-06-15 with Business & Economics categories.
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.
Guidelines For Fiscal Adjustment
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Author : Jeffrey M. Davis
language : en
Publisher: International Monetary Fund
Release Date : 1995-12-22
Guidelines For Fiscal Adjustment written by Jeffrey M. Davis 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 1995-12-22 with Business & Economics categories.
This pamphlet considers some of the issues and concerns that underlie the IMF's approach to fiscal adjustment-namely, the ways governments can use their fiscal stabilization and structural policies to achieve macroeconomic objectives relating to growth, inflation, and the balance of payments. It covers such issues as government taxing, spending, and borrowing, as well as some fiscal aspects of institutional change, and offers practical policy options for consideration.
Policy Assignment Strategies With Somewhat Flexible Exchange Rates Policy
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 1988-05-13
Policy Assignment Strategies With Somewhat Flexible Exchange Rates Policy 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 1988-05-13 with Business & Economics categories.
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.
Coordination Of Monetary And Fiscal Policies
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 1998-03-01
Coordination Of Monetary And Fiscal Policies 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 1998-03-01 with Business & Economics categories.
Recently, monetary authorities have increasingly focused on implementing policies to ensure price stability and strengthen central bank independence. Simultaneously, in the fiscal area, market development has allowed public debt managers to focus more on cost minimization. This “divorce” of monetary and debt management functions in no way lessens the need for effective coordination of monetary and fiscal policy if overall economic performance is to be optimized and maintained in the long term. This paper analyzes these issues based on a review of the relevant literature and of country experiences from an institutional and operational perspective.
Transmission Of The Effects Of The Fiscal Deficit In Industrial Countries To The Fiscal Deficit Of The Developing Countries
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Author : Ahsan H. Mansur
language : en
Publisher:
Release Date : 1988
Transmission Of The Effects Of The Fiscal Deficit In Industrial Countries To The Fiscal Deficit Of The Developing Countries written by Ahsan H. Mansur and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with Accounts current categories.
External Balance Fiscal Policy Adn Growth In Turkey
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Author :
language : en
Publisher: World Bank Publications
Release Date :
External Balance Fiscal Policy Adn Growth In Turkey written by and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.