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Browsing by Subject "open economy"
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Title:The Importance of Composition of Fiscal Policy: Evidence From Different Exchange Rate Regimes
Author(s):LANE, Philip R.; PEROTTI, RobertoDate:2003Type of Publication:ArticleAbstract:We study the macroeconomic effects of fiscal policies in an open economy. We emphasize two transmission mechanisms: the cost channel, by which wage government spending and labor taxes raise the real wage firms must pay, ...