Fiscal Policies and Growth in the World Economy |
Contents
Stylized Facts on Fiscal Policies and International Economic | 3 |
Fiscal Policies and | 29 |
Deterministic Dynamics | 65 |
Copyright | |
15 other sections not shown
Common terms and phrases
aggregate analysis assets assume balanced-budget rise budget constraint budget deficits C₁ capital markets capital mobility changes chapter consumption corresponding current-account denotes discount factor disposable income domestic and foreign domestic output dynamic effects of fiscal equal equation equilibrium conditions exchange-rate exports figure finance fiscal policies fixed exchange rates foreign output future GDP deflators government spending growth rates human capital imbalances implies induced initial debt initial equilibrium interest rate intertemporal investment labor level of output long-run equilibrium macroeconomic marginal propensity ment Mundell-Fleming model negative nontradable open economy percent Phillips curve positive private-sector debt rate of interest ratio Razin real exchange rate rise in government saving propensity sector shift short-run equilibrium slope substitution supply shock terms of trade tion trade balance U.S. dollar unit rise utility function variables wealth world economy world money supply world rate Y₁ yields YY schedule