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The Real Effective Value of the U S Dollar the Fiscal Deficit
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aggregate demand agreement asymmetries baseline capital account capital flows central banks Chapter Chart coefficients cointegrating cointegrating relationships consumption tax contributions correlation countries current account decline deductions deficit reduction depreciation deutsche mark domestic Economic effective exchange rate equation equilibrium estimated exchange rate volatility exports Faruqee FBAL Federal Reserve fiscal balance fiscal deficit fiscal policy flat tax foreign assets foreign exchange markets foreign official GATT government debt households imports income tax increase inflation International Monetary Fund Laxton long-run relationships marginal tax rate measures monetary policy Mundell-Fleming model official reserves output gap panel Paper pension Phillips curve real exchange rate Real GDP recent reduce REER relative reported Ricardian equivalence role saving rate Section 301 share shock short-run simulation steady-state suggest Table tariff tax system tax-assisted saving tests trade trend U.S. currency U.S. dollar United Uruguay Round USTR variables vehicle currency