Fiscal deficits and current account deficits /
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 sign...
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| Main Authors: | , |
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| Corporate Author: | |
| Format: | Book |
| Language: | English |
| Published: |
[Washington, D.C.] :
International Monetary Fund,
©2009
Washington, D.C. : 2009 |
| Series: | IMF Working Papers ;
Working Paper No. 09/237 IMF Working Papers; Working Paper ; No. 2009/237 IMF eLibrary IMF working paper ; WP/09/237 |
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