Are Capital Inflows Expansionary or Contractionary? Theory, Policy Implications, and Some Evidence
收藏NBER2015-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w21619
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资源简介：
The workhorse open-economy macro model suggests that capital inflows are contractionary because they appreciate the currency and reduce net exports. Emerging market policy makers however believe that inflows lead to credit booms and rising output, and the evidence appears to go their way. To
提供机构：
美国国家经济研究局
创建时间：
2015-10-01
