United States : Background Papers

This Background Paper on the United States examines the effect of fiscal deficit reduction in the context of the IMF's multicountry simulation model, on the current account and the real exchange rate. The simulations suggest that, other things being equal, fiscal consolidation will tend to cause the real exchange rate to depreciate in the short term. The paper also estimates a long-term relationship between the real effective exchange rate for the U.S. dollar and a number of variables.
Publication date: October 1995
ISBN: 9781451839470
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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Economics- Macroeconomics , monetary fund , inflation , monetary policy , fiscal deficit , tax policy

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