The Effects of Government Spending under Limited Capital Mobility

Working Paper No. 12/129

This paper studies the effects of government spending under limited international capital mobility, as featured by most developing countries. While external financing of government debt mitigates the crowding-out effect, it generates real appreciation, which contracts traded output and lowers the fiscal multiplier in the short run. The decline... READ MORE...

Publication date: May 2012
ISBN 9781475503661

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Publication date: May 2012


Publication date: May 2012