An introduction to the international implications of U.S. fiscal policy

A challenge to the commonly held belief that aggregate U.S. fiscal policy measures, especially the federal budget deficit, bear a simple and direct causal relationship with U.S. interest rates, exchange rates, and the trade balance, concluding that fiscal policies can--but need not--cause trade deficits.

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Year of publication:	1992
Authors:	Humpage, Owen F.
Published in:	Economic Review. - Federal Reserve Bank of Cleveland. - 1992, Q III, v. 28, no. 3, p. 27-39
Publisher:	Federal Reserve Bank of Cleveland
Subject:	Budget deficits \| Foreign exchange rates \| Balance of trade

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005707887