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 auto-regressions, 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.current account; exchange rate; external imbalances; fiscal policy
Current account imbalances are always a concern for macro policymakers as they can lead to balance o...
Current account imbalances are always a concern for macro policymakers as they can lead to balance o...
Current account imbalances are always a concern for macro policymakers as they can lead to balance o...
This paper examines the empirical link between fiscal policy and the current account focusing on mic...
This study re-examines the nexus between the fiscal balance and the current account balance for 18 O...
This note updates the estimates reported in the study by Chinn and Prasad (2003), which provided an ...
This study re-examines the nexus between the fiscal balance and the current account balance for 18 O...
This Working Paper should not be reported as representing the views of the IMF. The views expressed ...
The IMF's external sector report 2018 indicate that global current account balances are 40-50% are n...
We consider the origins of global current account imbalances. We first discuss how the expansion of ...
In spite of concerns about “twin deficits ” (fiscal and the current account deficits) for the United...
We re-examine the nexus between fiscal balances and current account balances for 18 OECD countries ...
This article presents a new framework for analyzing the simultaneous determination of current accoun...
We assess the cointegration relationship between current account and budget balances, and effective ...
This paper uses cross-section and panel data to examine the determinants of the current account. The...
Current account imbalances are always a concern for macro policymakers as they can lead to balance o...
Current account imbalances are always a concern for macro policymakers as they can lead to balance o...
Current account imbalances are always a concern for macro policymakers as they can lead to balance o...
This paper examines the empirical link between fiscal policy and the current account focusing on mic...
This study re-examines the nexus between the fiscal balance and the current account balance for 18 O...
This note updates the estimates reported in the study by Chinn and Prasad (2003), which provided an ...
This study re-examines the nexus between the fiscal balance and the current account balance for 18 O...
This Working Paper should not be reported as representing the views of the IMF. The views expressed ...
The IMF's external sector report 2018 indicate that global current account balances are 40-50% are n...
We consider the origins of global current account imbalances. We first discuss how the expansion of ...
In spite of concerns about “twin deficits ” (fiscal and the current account deficits) for the United...
We re-examine the nexus between fiscal balances and current account balances for 18 OECD countries ...
This article presents a new framework for analyzing the simultaneous determination of current accoun...
We assess the cointegration relationship between current account and budget balances, and effective ...
This paper uses cross-section and panel data to examine the determinants of the current account. The...
Current account imbalances are always a concern for macro policymakers as they can lead to balance o...
Current account imbalances are always a concern for macro policymakers as they can lead to balance o...
Current account imbalances are always a concern for macro policymakers as they can lead to balance o...