Cover IMF Staff Country Reports
United States: Background Papers
Author:
International Monetary Fund
Search for other papers by International Monetary Fund in
Current site
Google Scholar
PubMedClose
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 1995: Issue 094
Language:
English
Publication Date:
03 Oct 1995
DOI:
https://doi.org/10.5089/9781451839470.002
ISBN:
9781451839470
ISSN:
1934-7685
Pages:
198
Keywords:
ISCR; CR; dollar; OECD DAC; exchange rate volatility; inflation-output tradeoff; calendar year basis; credit reform principle; Income; Flat tax; Exchange rates; Personal income; Real exchange rates; South Asia; North America; Global; South America; Eastern Europe; East Asia
Download PDF (13.2 MB) Download Epub
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.
  • Collapse
  • Expand
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 1995: Issue 094