Credit Flows, Fiscal Policy, and the External Deficit of Bosnia and Herzegovina

This paper develops and estimates a model of the trade balance of Bosnia and Herzegovina. Credit flows and the fiscal stance are found to play a significant role in determining the trade balance. On this basis the paper discusses the trade-offs between monetary and fiscal policy settings needed to achieve a clear downward path for the large current account deficit of Bosnia and Herzegovina.

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Year of publication:	2006-12-01
Authors:	Kanda, Daniel
Institutions:	International Monetary Fund (IMF)
Subject:	Credit \| Current account deficits \| trade balance \| fiscal expenditure \| fiscal tightening \| disposable income \| fiscal consolidation \| government revenue \| account deficits \| budget constraint \| fiscal policy \| fiscal revenue \| fiscal stance \| fiscal balance \| expenditure restraint \| tax revenue \| tax income \| fiscal deficit \| taxation \| budget constraints

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Extent:	application/pdf
Series:	IMF Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	The text is part of a series IMF Working Papers Number 06/276 1 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005826416