Cross-Border Transmission of Fiscal Shocks : The Role of Monetary Conditions /
Fiscal stimulus was widely advocated during the global crisis, a period characterized by monetary policy constrained by the effective lower bound (ELB) in many countries, in part because of expected positive spillovers. Standard New Keynesian models predict the cross-border transmission of fiscal sh...
| Главный автор: | |
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| Другие авторы: | , , |
| Формат: | Журнал |
| Язык: | English |
| Опубликовано: |
Washington, D.C. :
International Monetary Fund,
2018.
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| Серии: | IMF Working Papers; Working Paper ;
No. 2018/103 |
| Online-ссылка: | Full text available on IMF |