Fiscal deficits and relative prices in a growing world economy
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Fiscal deficits and relative prices in a growing world economy

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Published by National Bureau of Economic Research in Cambridge, MA .
Written in English

Subjects:

  • Foreign exchange -- Mathematical models.

Book details:

Edition Notes

StatementMaurice Obstfeld.
SeriesNBER working paper series -- working paper no. 2725, Working paper series (National Bureau of Economic Research) -- working paper no. 2725
ContributionsNational Bureau of Economic Research.
The Physical Object
Pagination36 p. :
Number of Pages36
ID Numbers
Open LibraryOL22437712M

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Fiscal Deficits and Relative Prices in a Growing World Economy Maurice Obstfeld. NBER Working Paper No. (Also Reprint No. r) Issued in October NBER Program(s):International Trade and Investment, International Finance and MacroeconomicsCited by:   Fiscal Policies and Growth in the World Economy has been used successfully in graduate and senior undergraduate courses in international economics and public finance. The objective of this new edition remains the same as before: to treat the major topics in macro and public economics using both traditional and modern by: Downloadable (with restrictions)! This paper studies the transmission of fiscal disturbances between countries, and the effect of those disturbances on worldwide capital intensity, in a context of growth. The model developed to address these issues allows for the production of both nontradable and relatively capital-intensive tradable goods; a central finding is that factor markets can be a. Download PDF: Sorry, we are unable to provide the full text but you may find it at the following location(s): (external link).

Fiscal Deficits and Relative Prices in a Growing World Economy. By Maurice Obstfeld. Download PDF ( KB) Abstract. This paper studies the transmission of fiscal disturbances between countries, and the effect of those disturbances on worldwide capital intensity, in a context of growth. Fiscal Deficits and Relative Prices in a Growing. Boom, crisis, and adjustment: the macroeconomic experience of developing countries (English) Abstract. This book reviews the macroeconomic experiences of eighteen developing countries and looks at the interplay between politics and economics and motivations for economic policies.   However, budget deficit will have negative impact on the economic growth in that will affect the socio-economic conditions and the business environment in a given area. High government budget deficits will impose heavy taxes on the citizens thereby lowering their spirits of .   Countries with the biggest deficit relative to GDP will experience quite a number of complications as far as their ability to optimize economic growth. The Most Indebted Countries The country currently claiming the highest national deficit relative to GDP is Timor-Leste, with a deficit equivalent to % of its GDP.

  The book titled “Fiscal Consolidation, Budget Deficits and the Macro Economy”, by Lekha Chakraborty, is a welcome addition to the growing literature that deals with fiscal policy in specific countries, focusing on the longer run and on fiscal consolidation, rather than on a short run and countercyclical s: 2.   The book titled "Fiscal Consolidation, Budget Deficits and the Macro Economy", by Lekha Chakraborty, is a welcome addition to the growing literature that deals with fiscal policy in specific countries, focusing on the longer run and on fiscal consolidation, rather than on a short run and countercyclical s: 2.   An increase in the fiscal deficit, in theory, can boost a sluggish economy by giving more money to people who can then buy and invest more. Long-term deficits. The end of strong fiscal austerity, together with "tailwinds" (low interest rates and low oil prices), have also contributed to the return of economic growth during View full-text Article.