Cross-Country Experience in Reducing Net Foreign Liabilities: Lessons for New Zealand

Cross-Country Experience in Reducing Net Foreign Liabilities: Lessons for New Zealand
This paper studies the dynamics of net foreign liabilities across a number of countries. Our historical analysis suggests that an orderly reduction in a country's net foreign liabilities has mostly occurred when there was significant improvement in gross public savings through deliberate fiscal consolidation measures. Simulations of a dynamic... READ MORE...

Publication date: April 2014
ISBN 9781475516388
$18.00

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