Fiscal Policy and the Real Exchange Rate

Working Paper No. 12/52

Nopic
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 adjustment costs, we show that government... READ MORE...

Publication date: February 2012
ISBN 9781463937133
$18.00

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Publication date: February 2012

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Publication date: February 2012

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