1 Subjects: “...National Budget, Deficit, and Debt: General...”

2 “... in the current account deficit net of aid—delivering the same effects as those of a flexible regime but with a...”

3 “... deficit-which is influenced by the central bank's reserves policy when access to international capital...”

4 “... account deficit - which is influenced by the central bank's reserve accumulation policies. We calibrate...”

5 “... deficits, or at least low surpluses. This paper develops a neoclassical model with private and public...”