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Real Exchange Rate Effects of Fiscal Policy / Jeffrey Sachs, Charles Wyplosz.
- Format:
- Book
- Author/Creator:
- Sachs, Jeffrey.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w1255.
- NBER working paper series no. w1255
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1984.
- Summary:
- This paper develops a framework for analyzing the effects of fiscal policy on the real exchange rate. The short-run impact of various types of fiscal measures are considered as well as the dynamics of adjustment to long-run steady states. The analysis and related simulations suggest that the effect of fiscal policy changes on the real exchange rate can vary widely and will depend closely on a number of structural features, including the degree of asset substitutability,the composition of government spending, and the initial size of the public debt and net external position.
- Notes:
- Print version record
- 1984.
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