• Fiscal Policy, the Current Account, and the Twin Deficits Hypothesis 

      Bongers-Chicano, Aneli Maria; Torres-Chacon, Jose Luis (2019-02-06)
      The relationship between the fiscal policy and the current account balance is an open question for open economies analysis. Traditional view leads to the so-called "twin de cits hypothesis", which establishes a direct ...
    • Fiscal policy, the current account, and the twin deficits hypothesis 

      Bongers-Chicano, Aneli Maria; Torres-Chacon, Jose Luis (2019-04-09)
      Relationship between Öscal policy and the current account. Traditional view suggests that a Öscal expansion should lead to a worsening in the current account, contrary to the Ricardian view, in which there is no systematic ...
    • Public Debt Frontiers: The Greek Case 

      Fernández-de-Córdoba-Martos, Gonzalo; Torres-Chacon, Jose Luis (2017-01-11)
      This paper attempts to quantify the maximum amount of debt that a government can sustain by itself, i.e., the limits to public indebtedness. Using a Dynamic General Equilibrium model where the government is fully characterized, ...
    • Public debt frontiers: The greek case 

      Fernández-de-Córdoba-Martos, Gonzalo; Torres-Chacon, Jose Luis (2015-09-23)
      Las causas de la crisis de deuda Griega son otras distintas de la indisciplina fiscal. Los indicadores macroeconómicos desde el año 200 a 2006 no indicaban nada que pudiera presagiar el desastre. Causas de tipo estratégico ...