Fiscal Policy and the Exchange Rate: Current Account Nexus
By using a simple intertemporal model of the current account, I show that the exchange rate elasticity of the trade balance would ceteris paribus be smaller for countries with higher government spending ratios (relative to GDP) and with more limited scope for private consumption smoothing. This find...
Gespeichert in:
1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2007
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Schriftenreihe: | IMF Working Papers
Working Paper No. 07/27 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | By using a simple intertemporal model of the current account, I show that the exchange rate elasticity of the trade balance would ceteris paribus be smaller for countries with higher government spending ratios (relative to GDP) and with more limited scope for private consumption smoothing. This finding may have important implications for the design of adjustment programs and for resolving current global imbalances. It could also help explain and reconcile mixed empirical findings on trade elasticities |
Beschreibung: | 1 Online-Ressource (13 p) |
ISBN: | 1451865910 9781451865912 |
Internformat
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spelling | Kim, Jun Il Verfasser aut Fiscal Policy and the Exchange Rate Current Account Nexus Kim, Jun Il Washington, D.C International Monetary Fund 2007 1 Online-Ressource (13 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 07/27 By using a simple intertemporal model of the current account, I show that the exchange rate elasticity of the trade balance would ceteris paribus be smaller for countries with higher government spending ratios (relative to GDP) and with more limited scope for private consumption smoothing. This finding may have important implications for the design of adjustment programs and for resolving current global imbalances. It could also help explain and reconcile mixed empirical findings on trade elasticities Online-Ausg http://elibrary.imf.org/view/IMF001/02509-9781451865912/02509-9781451865912/02509-9781451865912.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Kim, Jun Il Fiscal Policy and the Exchange Rate Current Account Nexus |
title | Fiscal Policy and the Exchange Rate Current Account Nexus |
title_auth | Fiscal Policy and the Exchange Rate Current Account Nexus |
title_exact_search | Fiscal Policy and the Exchange Rate Current Account Nexus |
title_exact_search_txtP | Fiscal Policy and the Exchange Rate Current Account Nexus |
title_full | Fiscal Policy and the Exchange Rate Current Account Nexus Kim, Jun Il |
title_fullStr | Fiscal Policy and the Exchange Rate Current Account Nexus Kim, Jun Il |
title_full_unstemmed | Fiscal Policy and the Exchange Rate Current Account Nexus Kim, Jun Il |
title_short | Fiscal Policy and the Exchange Rate |
title_sort | fiscal policy and the exchange rate current account nexus |
title_sub | Current Account Nexus |
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