Government Purchases and Relative Prices in a Two-Country World

Nopic
The effects of government expenditures on interest rates, terms of trade, and real exchange rates are examined in a three-good (importables, exportables, nontradables), two-country, intertemporal, optimizing model. Temporary spending increases (on tradable or nontradable goods) may raise or lower the world return on internationally traded bonds... READ MORE...

Publication date: April 1989
ISBN 9781451981094
$10.00

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Publication date: April 1989

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