|Statement||prepared by J. Saul Lizondo and Peter J. Montiel.|
|Series||IMF working paper -- WP/89/1|
|Contributions||Lizondo, José Saúl., Montiel, Peter., International Monetary Fund. Research Dept.|
|The Physical Object|
|Pagination||22 p. --|
|Number of Pages||22|
Readers Question: Can you please elaborate on "fiscal devaluation" as a suggested solution for Euro area competitiveness problems? Fiscal devaluation is an attempt to restore . Downloadable! We show that even when the exchange rate cannot be devalued, a small set of conventional fiscal instruments can robustly replicate the real allocations attained under a nominal . Monetary and Fiscal Policies in an Open Economy Jacob A. Frenkel, Michael L. Mussa. NBER Working Paper No. (Also Reprint No. r) Issued in October NBER Program(s):International Trade . banks have their own DSGE models to determine how certain policies or shocks affect the dynamics of key variables of interest. Burriel, Villaverde, and Ramirez () [henceforth referred to as BVR] .
In this paper we use structural VAR model to analyze dynamic effects of fiscal shocks on economic activity in Croatia from QQ2. Due to the fact that Croatia is a small open economy we. We study the empirical effects of fiscal policy in Denmark since the adoption of a fixed exchange rate policy in Denmark’s fixed exchange rate implies that the nominal interest rate Cited by: 2. The book explores whether fiscal policies can secure full employment without inflation, one of the key questions in economics after Keynes. Part 1, General Theory of Public Finance and Fiscal Policy, Cited by: The book explores whether fiscal policies can secure full employment without inflation, one of the key questions in economics after Keynes. Part 1, General Theory of Public Finance and Fiscal Policy, .
Downloadable! The authors show that even when the exchange rate cannot be devalued, a small set of conventional fiscal policy instruments can robustly replicate the real allocations attained under a . 1. Introduction. This paper analyzes the scope for systematic rules-based countercyclical fiscal policy in small open economies. In doing so it follows in the tradition of the monetary policy literature, which Cited by: This paper presents estimates of fiscal multipliers in Paraguay following different econometric techniques and identification approaches. The results point to multipliers for capital expenditure that are Author: Antonio C. David, Antonio C. David. Fiscal Monetary and Exchange Rate Policies in a Small Open Economy The other broader ﬂow indicators are the external debt/exports, and ex- ternal debt/GDP : Simon Neaime.