Buoyant Capital Spending and Worries over Real Appreciation : Cold Facts from Algeria

Cold Facts from Algeria

Buoyant Capital Spending and Worries over Real Appreciation : Cold Facts from Algeria
The Government of Algeria has pursed a relatively expansionary fiscal policy in recent years, thanks to rising oil prices and revenues. The paper explores the potential effects of such a stance on real exchange rate and uncovers a relatively small appreciating effect of increased government capital expenditure. This is explained by the fact that... READ MORE...

Publication date: December 2007
ISBN 9781451868494
$18.00

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