Spillovers from US Government Spending Shocks is popular PDF and ePub book, written by Ms.Adina Popescu in 2017-10-18, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Spillovers from US Government Spending Shocks can be Read Online from any device for your convenience.
Spillovers from US Government Spending Shocks Book PDF Summary
This note analyzes the impact of preannounced government spending shocks in the United States on the real effective exchange rate and the trade balance. Using a vector autoregression framework that allows anticipated fiscal shocks to be identified using survey information, we find that preannounced spending shocks lead to a sizable real effective dollar appreciation and a worsening of both the aggregate trade balance and bilateral trade balances in a panel of partner countries. The results are robust to controlling for country-specific variables like the macroeconomic and policy conditions in the recipient countries, are generalized across regions and might have decreased during the zero-interest-lower-bound regime.
Detail Book of Spillovers from US Government Spending Shocks PDF
- Author : Ms.Adina Popescu
- Release : 18 October 2017
- Publisher : International Monetary Fund
- ISBN : 9781484325223
- Genre : Business & Economics
- Total Page : 15 pages
- Language : English
- PDF File Size : 13,9 Mb
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