Fiscal Policies and the World Economy; An Intertemporal Approach (Cambridge, Mass.: MIT Press, 1987)

Frenkel, Jacob A and Razin, Assaf (1987): Fiscal Policies and the World Economy; An Intertemporal Approach (Cambridge, Mass.: MIT Press, 1987).

Abstract

Recent theoretical development in closed-economy macroeconomics are extended to open economies to investigate the dynamics of the current account of the balance of payments and the effects of fiscal policies.

• Item Type: MPRA Paper
• Language: English
• Keywords: intertemporal approach to the current account, investment-saving balance, microfoundations of fiscal policy in the open economy
• Subjects: E - Macroeconomics and Monetary Economics > E0 - General; F - International Economics > F0 - General

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