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Monetary and Fiscal Policies in Dynamic Models of the Open Economy

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Author Info
Oscar Bajo Rubio () (Departamento de Economia - UPNA)

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Abstract

This paper discusses the relative effectiveness of monetary and fiscal policies in a series of dynamic models of the open economy, by embodying in a unified general framework some different assumptions previously stated in the literature. In addition to the final steady-state results, we also examine those effects arising both on impact of policy measures, and on announcement when such policies are perfectly anticipated by the agents.

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File URL: ftp://ftp.econ.unavarra.es/pub/DocumentosTrab/DT9806.PDF
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Publisher Info
Paper provided by Departamento de Economía - Universidad Pública de Navarra in its series Documentos de Trabajo - Lan Gaiak Departamento de Economía - Universidad Pública de Navarra with number 9806.

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Length: 28 pages
Date of creation: 1998
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Handle: RePEc:nav:ecupna:9806

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  1. Wilson, Charles A, 1979. "Anticipated Shocks and Exchange Rate Dynamics," Journal of Political Economy, University of Chicago Press, vol. 87(3), pages 639-47, June. [Downloadable!] (restricted)
  2. Buiter, Willem H. & Miller, Marcus, 1982. "Real exchange rate overshooting and the output cost of bringing down inflation," European Economic Review, Elsevier, vol. 18(1), pages 85-123. [Downloadable!] (restricted)
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  3. Dornbusch, Rudiger, 1976. "Expectations and Exchange Rate Dynamics," Journal of Political Economy, University of Chicago Press, vol. 84(6), pages 1161-76, December. [Downloadable!] (restricted)
  4. William H. Branson & Willem H. Buiter, 1983. "Monetary and Fiscal Policy with Flexible Exchange Rates," NBER Working Papers 0901, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  5. Buiter, Willem H & Miller, Marcus, 1981. "Monetary Policy and International Competitiveness: The Problems of Adjustment," Oxford Economic Papers, Oxford University Press, vol. 33(0), pages 143-75, Supplemen. [Downloadable!] (restricted)
  6. Ronald E. Findlay & Carlos Alfredo Rodriguez, 1977. "Intermediate Imports and Macroeconomic Policy under Flexible Exchange Rates," Canadian Journal of Economics, Canadian Economics Association, vol. 10(2), pages 208-17, May. [Downloadable!] (restricted)
  7. Sachs, Jeffrey, 1980. "Wages, Flexible Exchange Rates, and Macroeconomic Policy," The Quarterly Journal of Economics, MIT Press, vol. 94(4), pages 731-47, June. [Downloadable!] (restricted)
  8. Krugman, P., 1993. "What Do We Need to Know About the International Monetary System?," Princeton Studies in International Economics 190, International Economics Section, Departement of Economics Princeton University,.
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