Credible Fiscal Policy and Exchange Rates Stabilization
نویسندگان
چکیده
منابع مشابه
Fiscal Policy and Exchange Rates ∗
This paper examines the dynamics of the nominal exchange rate and fiscal deficits in a continuous time optimising general equilibrium model with finite horizon. It is shown that alternative financing modes of budget deficits imply different patterns of adjustment and that fiscal policy may provide the nominal anchor for the exchange rate. Our major finding is that after a fiscal expansion the r...
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ژورنال
عنوان ژورنال: Journal of Economics and Development Studies
سال: 2015
ISSN: 2334-2382,2334-2390
DOI: 10.15640/jeds.v3n2a2