The Effects of Government Spending Under Limited Capital Mobility is popular PDF and ePub book, written by Ms.Wenyi Shen in 2012-05-01, 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, The Effects of Government Spending Under Limited Capital Mobility can be Read Online from any device for your convenience.
The Effects of Government Spending Under Limited Capital Mobility Book PDF Summary
This paper studies the effects of government spending under limited international capital mobility, as featured by most developing countries. While external financing of government debt mitigates the crowding-out effect, it generates real appreciation, which contracts traded output and lowers the fiscal multiplier in the short run. The decline of the multiplier is larger when facing debt-elastic country risk premia. Also, government spending is more expansionary with more home bias in government purchases, more sectoral rigidities, and a less flexible exchange rate. Whether the twin-deficit hypothesis holds depends crucially on the extent to which government deficits are financed externally.
Detail Book of The Effects of Government Spending Under Limited Capital Mobility PDF
- Author : Ms.Wenyi Shen
- Release : 01 May 2012
- Publisher : International Monetary Fund
- ISBN : 9781475562163
- Genre : Business & Economics
- Total Page : 74 pages
- Language : English
- PDF File Size : 17,5 Mb
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