Fiscal Policy. Locational Decisions, and Exchange Rates.
The paper distinguishes between three different channels through which fiscal policy changes may be transmitted to exchange rates. Based on both the balance of payments identity and empirical observations, it is argued that trade balances and exchange rates may be quite responsive to changes in the...
| Korporativní autor: | |
|---|---|
| Médium: | Časopis |
| Jazyk: | English |
| Vydáno: |
Washington, D.C. :
International Monetary Fund,
1989.
|
| Edice: | IMF Working Papers; Working Paper ;
No. 1989/049 |
| On-line přístup: | Full text available on IMF |