Fiscal Policy Management in an Open Capital Regime /
This paper argues that as countries open their capital regimes, the appropriate fiscal stance should become more conservative than when capital is immobile. Further fiscal adjustment may be necessary in the face of large and volatile capital flows. However, the required changes would be smaller. If...
| Hlavní autor: | |
|---|---|
| Médium: | Časopis |
| Jazyk: | English |
| Vydáno: |
Washington, D.C. :
International Monetary Fund,
1997.
|
| Edice: | IMF Working Papers; Working Paper ;
No. 1997/020 |
| On-line přístup: | Full text available on IMF |