Debt is Irrelevant - David Barrows -- II. Trade -- 4. The Ambiguous Effects of Pursuing Current Account Surpluses - Nina …, trade, taxes, exchange rates and monetary policy. For each topic, there are two authors — one arguing for a certain policy …

relationship between government size and terms-of-trade volatility by applying multivariate hidden cointegration analysis. Findings … – The findings show that high terms of trade volatility are positively related to government spending in the all sample … external risk. In particular, public expenditure is considered to be an important fiscal policy instrument when terms of trade …

the trade deficit. The experience during both the 1980s and 1990s demonstrates that a large and growing trade deficit need …

the trade deficit. The experience during both the 1980s and 1990s demonstrates that a large and growing trade deficit need …