International Fiscal Policy Transmission
AbstractInternational transmission of stochastic fiscal policy disturbances is examined in a two-country, general equilibrium framework, with possible excess supply equilibria with underutilization of resources. Nominal goods prices are sticky, although optimally set by firms in monopolistic competition. Asset prices are flexible. Agents have rational expectations. The spillover effect on foreign output of a domestic fiscal expansion differs from the standard positive Mundell-Fleming effect and depends on whether home and foreign goods are Edgeworth-Pareto complements or substitutes, which in turn depends on the relative size of intertemporal and intratemporal elasticities of substitution in consumption. Copyright 1987 by The editors of the Scandinavian Journal of Economics.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoArticle provided by Wiley Blackwell in its journal Scandinavian Journal of Economics.
Volume (Year): 89 (1987)
Issue (Month): 3 ()
Contact details of provider:
Web page: http://onlinelibrary.wiley.com/journal/10.1111/(ISSN)1467-9442
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Nicola Acocella & Giovanni Di Bartolomeo, 2001.
"Partisanship and fiscal policy co-ordination in a monetary union,"
- Acocella N. & Di Bartolomeo G., 2001. "Partisanship and fiscal policy co-ordination in a monetary union," Working Papers 2001013, University of Antwerp, Faculty of Applied Economics.
- Ganelli, G., 2000.
"Useful Government Spending, Direct Crowding Out and Fiscal Policy Interdependence,"
The Warwick Economics Research Paper Series (TWERPS)
547, University of Warwick, Department of Economics.
- Ganelli, Giovanni, 2003. "Useful government spending, direct crowding-out and fiscal policy interdependence," Journal of International Money and Finance, Elsevier, vol. 22(1), pages 87-103, February.
- van der Ploeg, Frederick, 1991.
"Channels of International Policy Transmission,"
CEPR Discussion Papers
491, C.E.P.R. Discussion Papers.
- Sajid Anwar, 1997. "International Transmission of Government Spending, Monopolistic Competition and North-South Trade," International Economic Journal, Taylor & Francis Journals, vol. 11(4), pages 113-126.
- Nicola Acocella & Giovanni Di Bartolomeo, 2003.
"Wage and Public Expenditure Setting in a Monetary Union,"
Zagreb International Review of Economics and Business,
Faculty of Economics and Business, University of Zagreb, vol. 6(1-2), pages 1-16, May - Nov.
- Nicola Acocella & Giovanni Di Bartolomeo, 2001. "Wage and public expenditure setting in a monetary union," Working Papers 42, University of Rome La Sapienza, Department of Public Economics.
- Nicola Acocella & Giovanni Di Bartolomeo, 2001. "Wage and public expenditure setting in a monetary union," Macroeconomics 0105002, EconWPA.
- Michael Evers, 2007. "Optimal Monetary Policy in an Interdependent World," Bonn Econ Discussion Papers bgse10_2007, University of Bonn, Germany.
- Müller, Gernot J., 2008.
"Understanding the dynamic effects of government spending on foreign trade,"
Journal of International Money and Finance,
Elsevier, vol. 27(3), pages 345-371, April.
- Gernot J. Mueller, 2004. "Understanding the Dynamic Effects of Government Spending on Foreign Trade," Economics Working Papers ECO2004/27, European University Institute.
- Sajid Anwar, 1993. "International transmission of government spending on industries," Open Economies Review, Springer, vol. 4(3), pages 287-301, September.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing) or (Christopher F. Baum).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.