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Title:Floats, pegs and the transmission of fiscal policy Author(s):CORSETTI, Giancarlo; KUESTER, Keith; MÜLLER, Gernot J.Date:2011Citation:
- London : Centre for Economic Policy Research (CEPR), 2011
Type:Working PaperSeries/Number:CEPR Discussion Paper; 2011/8180Abstract:According to conventional wisdom, fiscal policy is more effective under a fixed than under a flexible exchange rate regime. In this paper we reconsider the transmission of shocks to government spending across these regimes ...