DE LA ECUACIÓN MACROECONÓMICA FUNDAMENTAL A UN MODELO INTERTEMPORAL EN ECONOMÍA MATEMÁTICA
The relation between current accounts and budgetary deficit in open economies has been a central subject of macroeconomics for a long time. The traditional approach of fundamental macroeconomic identity,used for the determination of the current account, has been subject to criticism because of abse...
- Autores:
- Tipo de recurso:
- article
- Fecha de publicación:
- 2004
- Institución:
- Pontificia Universidad Javeriana
- Repositorio:
- Repositorio Universidad Javeriana
- Idioma:
- eng
- OAI Identifier:
- oai:repository.javeriana.edu.co:10554/31776
- Acceso en línea:
- http://revistas.javeriana.edu.co/index.php/scientarium/article/view/4926
http://hdl.handle.net/10554/31776
- Palabra clave:
- null
current accounts, deficit, smoothing of consumption, smoothing of taxes.
null
- Rights
- openAccess
- License
- Atribución-NoComercial-SinDerivadas 4.0 Internacional
| Summary: | The relation between current accounts and budgetary deficit in open economies has been a central subject of macroeconomics for a long time. The traditional approach of fundamental macroeconomic identity,used for the determination of the current account, has been subject to criticism because of absence of intertemporal considerations that are central when determining the trade balance and the current account. The recognition of these dynamic aspects has lead to an ample supply of literature on the intertemporal approach to the current account. Through such a model relating the current account to governmental budgetary deficit, which is determined by the solution of consumption and taxes smoothing problems, we try to show a mathematical development that leads us to the equation that represents the model and that relates current accounts to public deficit. |
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