| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP505 |
| DP505 Macroeconomic Policy, External Targets and Constraints: The Case of Spain | |
| José Viñals; Juan Dolado | |
| 发表日期 | 1991 |
| 出版年 | 1991 |
| 语种 | 英语 |
| 摘要 | This paper argues that in the presence of distortions and market imperfections it may be rational for governments to monitor short-run fluctuations of the external account in order to anticipate and therefore avoid difficulties, even though the true external constraint is binding only in the long run. This seems to have been the case in Spain, where macroeconomic policy over the last 20 years has seen a number of clear changes following unfavourable developments in the external accounts. The results of various solvency tests indicate that, in spite of the recent worsening of the current account, the Spanish economy is currently more than complying with its external constraint. However, we warn against complacency in view of the removal of capital controls in the run-up to 1992. |
| 主题 | International Macroeconomics |
| 关键词 | Cointegration External constraint Solvency |
| URL | https://cepr.org/publications/dp505 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529661 |
| 推荐引用方式 GB/T 7714 | José Viñals,Juan Dolado. DP505 Macroeconomic Policy, External Targets and Constraints: The Case of Spain. 1991. |
| 条目包含的文件 | 条目无相关文件。 | |||||
| 个性服务 |
| 推荐该条目 |
| 保存到收藏夹 |
| 导出为Endnote文件 |
| 谷歌学术 |
| 谷歌学术中相似的文章 |
| [José Viñals]的文章 |
| [Juan Dolado]的文章 |
| 百度学术 |
| 百度学术中相似的文章 |
| [José Viñals]的文章 |
| [Juan Dolado]的文章 |
| 必应学术 |
| 必应学术中相似的文章 |
| [José Viñals]的文章 |
| [Juan Dolado]的文章 |
| 相关权益政策 |
| 暂无数据 |
| 收藏/分享 |
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
