Fiscal Policy and the Real Exchange Rate /
Government spending on infrastructure has recently increased sharply in many emerging-market economies. This paper examines the mechanism through which public infrastructure spending affects the dynamics of the real exchange rate. Using a two-sector dependent open economy model with intersectoral ad...
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| Médium: | Časopis |
| Jazyk: | English |
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Washington, D.C. :
International Monetary Fund,
2012.
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| Edice: | IMF Working Papers; Working Paper ;
No. 2012/052 |
| On-line přístup: | Full text available on IMF |