Similar Search Results

Saving, Investment, Financial Integration, and the Balance of Payments

International Monetary Fund - 1989

This paper examines the extent of international financial integration, and its consequences for the current account. The evidence indicates that financial liberalization in the 1970s and 1980s has resulted in a substantial movement towards closer integration of world capital markets. By reducing...

Persistent link: https://www.econbiz.de/10014395900

Fiscal Policy and the Current Account

International Monetary Fund - 2010

This paper examines the relationship between fiscal policy and the current account, drawing on a larger country sample than in previous studies and using panel regressions, vector autoregressions, and an analysis of large fiscal and external adjustments. On average, a strengthening in the fiscal...

Persistent link: https://www.econbiz.de/10014402866

Temporary Import Tariffs, the Real Exchange Rate and the Current Account

International Monetary Fund - 1988

In this paper a general equilibrium intertemporal model with optimizing consumers and producers is developed to analyze how the imposition of a temporary import tariff affects the path of real exchange rates and the current account. The model is completely real, and considers a small open...

Persistent link: https://www.econbiz.de/10014395800

Current Account Dynamics : The Role of Real Shocks

International Monetary Fund - 1989

This paper demonstrates how a full-blown optimizing model of the dynamics of the current account can be reduced to a small-scale collection of reduced-form relations capable of implementing a rich set of macro-economic simulations. Emphasizing the role of shocks to productivity, labor...

Persistent link: https://www.econbiz.de/10014395801

Trade Reform Under Partial Currency Convertibility : Some Suggestive Results

International Monetary Fund - 1988

This paper discusses the macroeconomic implications of trade reform in the presence of capital account restrictions. The latter is modelled by recognizing prior constraints on free currency convertibility that are imposed via the use of a multiple exchange rate system. The results of the...

Persistent link: https://www.econbiz.de/10014396238

The Effects of Currency Substitutionon the Response of the Current Account to Supply Shocks

International Monetary Fund - 1988

Standard real models predict that a permanent increase in oil prices would result in a current account surplus. This is due to the fact that investment falls while saving remains unchanged. This paper shows that if currency substitution is introduced into the analysis, the same shock could cause...

Persistent link: https://www.econbiz.de/10014396256

Saving-Investment Correlations : Immobile Capital. Government Policy or Endogenous Behavior?

International Monetary Fund - 1989

This paper analyzes reasons for the high post-war correlations of saving and investment, both across countries and over time. It is concluded that the main reason for the observed high correlations over the recent period is probably government policy

Persistent link: https://www.econbiz.de/10014396226

Fiscal Policy and Private Sector Saving Behavior : Tests of Ricardian Equivalence in Some Developing Economies

International Monetary Fund - 1987

Tax or debt financing of a given rate of government expenditures would, according to the now well-known Ricardian Equivalence proposition, have equivalent effects on aggregate demand. Among the reasons for a deviation from the equivalence is the possibility that the government and the private...

Persistent link: https://www.econbiz.de/10014396483

Optimal Fiscal Policy and Government Provision of Contingent Liabilities : The Example of Government Loan and Deposit Guarantees

International Monetary Fund - 1989

sector’s loan portfolio to eliminate risk, full government guarantee of private sector loans (or deposits) is suboptimal. The …

Persistent link: https://www.econbiz.de/10014395814

Neglected Heterogeneity and Dynamics in Cross-Country Savings Regressions

International Monetary Fund - 1999

This paper examines the extent to which conclusions of cross-country studies of private savings are robust to allowing … for the possible heterogeneity of savings behavior across countries and the inclusion of dynamics. It shows that … neglecting heterogeneity and dynamics can lead to misleading inferences about the key determinants of savings behavior. The …

Persistent link: https://www.econbiz.de/10014400163

1
2
3
4
5
6
7
8
9
10
Next
Last