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Fiscal Policy and the Exchange Rate-Current Account Nexus

Fiscal Policy and the Exchange Rate-Current Account Nexus by Jun Il Kim
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By using a simple intertemporal model of the current account, I show that the exchange rate elasticity of the trade balance would ceteris paribus be smaller for countries with higher government spending ratios (relative to GDP) and with more limited scope for private consumption smoothing. This finding may have important implications for the design of adjustment programs and for resolving current global imbalances. It could also help explain and reconcile mixed empirical findings on trade elasticities.
International Monetary Fund; February 2007
13 pages; ISBN 9781451997415
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Title: Fiscal Policy and the Exchange Rate-Current Account Nexus
Author: Jun Il Kim
 
ISBNs
1451997418
9781451865912
9781451910445
9781451997415