Show simple item record

dc.contributor.authorLANE, Philip R.
dc.contributor.authorPEROTTI, Roberto
dc.date.accessioned2011-04-19T12:48:27Z
dc.date.available2011-04-19T12:48:27Z
dc.date.issued2003
dc.identifier.citationJournal of Public Economics, 2003, 87, 09-oct, 2253-2279
dc.identifier.issn0047-2727
dc.identifier.urihttp://hdl.handle.net/1814/16533
dc.description.abstractWe 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, and the exchange rate channel, by which the nominal exchange rate shifts induced by fiscal policy have real effects if (some) prices and wages are sticky. The latter channel implies that changes in wage government spending or in labor taxation should have different effects under flexible than under fixed exchange rates. In a 1964-93 panel of OECD countries we find significant evidence for both channels. Moreover, we find that the real product wage and profitability are more responsive than quantities (employment and output) to fiscal policy innovations. (C) 2002 Elsevier B.V. All rights reserved.
dc.language.isoen
dc.publisherElsevier Science Sa
dc.subjectfiscal policy
dc.subjecttransmission mechanisms
dc.subjectopen economy
dc.titleThe Importance of Composition of Fiscal Policy: Evidence From Different Exchange Rate Regimes
dc.typeArticle
dc.identifier.doi10.1016/S0047-2727(01)00194-3
dc.neeo.contributorLANE|Philip R.|aut|
dc.neeo.contributorPEROTTI|Roberto|aut|
dc.identifier.volume87
dc.identifier.startpage2253
dc.identifier.endpage2279
eui.subscribe.skiptrue
dc.identifier.issue09-oct


Files associated with this item

FilesSizeFormatView

There are no files associated with this item.

This item appears in the following Collection(s)

Show simple item record