Eldemerdash, Hany; Metcalf, Hugh; Maioli, Sara - In: Empirical Economics 47 (2014) 3, pp. 825-851
We test the relationship between the current account and fiscal policy for a group of small open developing economies with fixed exchange rates some of which are oil exporters. Specifically, we test the viewpoint of a Ricardian infinite-horizon representative agent model in which lower public...