Fiscal Policy and the Real Exchange Rate

Working Paper No. 12/52

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

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats


Publication date: February 2012


Publication date: February 2012