Show simple item record

dc.contributor.authorMÜLLER, Gernot J.
dc.contributor.authorCORSETTI, Giancarlo
dc.date.accessioned2016-07-07T08:35:19Z
dc.date.available2016-07-07T08:35:19Z
dc.date.issued2007
dc.identifier.urihttps://hdl.handle.net/1814/42379
dc.description.abstractThe global integration of goods and asset markets alters alters how fiscal shocks impact the economy and are propagated across countries. Using standard business cycle analysis we explore this international dimension of fiscal policy transmission. Most importantly, we find that the smaller and the more open an economy, the more likely will private investment rise following a fiscal expansion. This is because it appreciates the terms of trade and lowers the price of capital goods in terms of their return. An immediate implication is that smaller and more open economies are more likely to experience twin deficits.
dc.language.isoen
dc.relation.ispartofseriesSociety for Economic Dynamicsen
dc.relation.ispartofseriesMeeting Papersen
dc.relation.ispartofseries2007en
dc.titleInternational dimensions of fiscal policy transmission
dc.typeTechnical Report
eui.subscribe.skiptrue
eui.subscribe.skiptrue


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