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Palgrave Macmillan

The Role of Private Financial Wealth in a Portfolio Model

A Study of the Effects of Fiscal Deficits on the Real Exchange Rate

  • Book
  • © 1995

Overview

Authors:
  1. Angel Calderón-Madrid

    1. El Colegio de Mexico, Mexico City, Mexico

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Table of contents (3 chapters)

  1. Front Matter

    Pages i-xiii
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  2. Long-run Effects of Fiscal Policy and Domestic Public Debt on the Real Levels of Exchange Rate and GDP

    • Angel Calderón-Madrid
    Pages 1-30

  3. The Dynamics of Real Exchange Rate and Financial Assets of Contractionary Fiscal Policies cum Private Dissavings

    • Angel Calderón-Madrid
    Pages 31-65

  4. Stock-Flow Adjustment and the Speed of Convergence of the Economy towards its Long-run Equilibrium

    • Angel Calderón-Madrid
    Pages 67-116

  5. Back Matter

    Pages 117-126
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Keywords

About this book

This book considers the implications for the dynamics of the exchange rate and private financial wealth. In a model in which fiscal imbalances are allowed to change the level of domestic public indebtedness. The analysis raises the possibility of an initial appreciation followed by a depreciation and a final exchange rate appreciation. It also highlights the importance that adjustments in the stock of privately-held financial assets have for the determination and speed of medium-run effects of shocks to the economy.

Authors and Affiliations

  • El Colegio de Mexico, Mexico City, Mexico

    Angel Calderón-Madrid

About the author

ANGEL CALDERON-MADRID

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