Cross-Border Transmission of Fiscal Shocks: The Role of Monetary Conditions

Cross-Border Transmission of Fiscal Shocks: The Role of Monetary Conditions
Fiscal stimulus was widely advocated during the global crisis, a period characterized by monetary policy constrained by the effective lower bound (ELB) in many countries, in part because of expected positive spillovers. Standard New Keynesian models predict the cross-border transmission of fiscal shocks is stronger when monetary policy is... READ MORE...

Publication date: May 2018
ISBN 9781484353530
$18.00

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