Fiscal Shocks and The Real Exchange Rate
Agustín S. Bénétrix and Philip R. Lane
Authors registered in the RePEc Author Service: Philip Lane and
Agustín S. Bénétrix ()
The Institute for International Integration Studies Discussion Paper Series from IIIS
We estimate the impact of shocks to government spending on the real exchange rate for a panel of EMU member countries. Our key finding is that the impact differs across different types of government spending, with shocks to public investment generating a larger and more persistent impact on the real exchange rate than shocks to government consumption. Within the latter category, we also show that the impact of shocks to the wage component of government consumption is larger than for shocks to the non-wage component.
New Economics Papers: this item is included in nep-cba, nep-eec, nep-ifn, nep-mac and nep-opm
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Journal Article: Fiscal Shocks and the Real Exchange Rate (2013)
Working Paper: Fiscal Shocks and The Real Exchange Rate (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:iis:dispap:iiisdp286
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