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01823cas a2200253 a 4500 |
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|c 5.00 USD
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|z 9781484320259
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|a 2522-7890
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|a BD-DhAAL
|c BD-DhAAL
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|a Popescu, Adina.
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|a Spillovers from US Government Spending Shocks :
|b Impact on External Positions /
|c Adina Popescu, Ippei Shibata.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2017.
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|a 1 online resource (15 pages)
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|a Spillover Notes
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a This note analyzes the impact of preannounced government spending shocks in the United States on the real effective exchange rate and the trade balance. Using a vector autoregression framework that allows anticipated fiscal shocks to be identified using survey information, we find that preannounced spending shocks lead to a sizable real effective dollar appreciation and a worsening of both the aggregate trade balance and bilateral trade balances in a panel of partner countries. The results are robust to controlling for country-specific variables like the macroeconomic and policy conditions in the recipient countries, are generalized across regions and might have decreased during the zero-interest-lower-bound regime.
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|a Mode of access: Internet
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|a Shibata, Ippei.
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|a Spillover Notes; Spillover Notes ;
|v No. 2017/001
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/062/2017/001/062.2017.issue-001-en.xml
|z IMF e-Library
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