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150128 ||| eng |
020 |
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|a 9781455200801
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245 |
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|a Fiscal Policy and the Current Account
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260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2010
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300 |
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|a 30 pages
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651 |
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4 |
|a United States
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653 |
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|a Fiscal stance
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653 |
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|a Wealth
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653 |
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|a Economics
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653 |
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|a Short-term Capital Movements
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653 |
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|a Current account
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653 |
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|a Saving
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653 |
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|a Government consumption
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653 |
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|a Current Account Adjustment
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653 |
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|a Fiscal Policy
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653 |
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|a Balance of payments
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653 |
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|a Exports and Imports
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653 |
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|a Fiscal policy
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653 |
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|a International economics
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653 |
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|a Current account balance
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653 |
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|a Consumption
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653 |
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|a Macroeconomics
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653 |
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|a Macroeconomics: Consumption
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653 |
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|a Public Finance
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710 |
2 |
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|a International Monetary Fund
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041 |
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7 |
|a eng
|2 ISO 639-2
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989 |
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|b IMF
|a International Monetary Fund
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|a IMF Working Papers
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028 |
5 |
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|a 10.5089/9781455200801.001
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856 |
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|u https://elibrary.imf.org/view/journals/001/2010/121/001.2010.issue-121-en.xml?cid=23828-com-dsp-marc
|x Verlag
|3 Volltext
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|a 330
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520 |
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|a 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 balance by 1 percentage point of GDP is associated with a current account improvement of 0.2–0.3 percentage point of GDP. This association is as strong in emerging and low-income countries as it is in advanced economies; and significantly higher when output is above potential
|