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...

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מחבר תאגידי: International Monetary Fund
פורמט: כתב-עת
שפה:English
יצא לאור: Washington, D.C. : International Monetary Fund, 1989.
סדרה:IMF Working Papers; Working Paper ; No. 1989/049
גישה מקוונת:Full text available on IMF