Fiscal Consolidation in an Open Economy
This paper uses a New Keynesian small open economy model to examine how the effects of fiscal consolidation vary depending on whether monetary policy is constrained by currency union membership vs. the zero bound on interest rates
|Date of creation:||2012|
|Date of revision:|
|Contact details of provider:|| Postal: Society for Economic Dynamics Marina Azzimonti Department of Economics Stonybrook University 10 Nicolls Road Stonybrook NY 11790 USA|
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- Richard Clarida & Jordi Gali & Mark Gertler, 2001. "Optimal Monetary Policy in Open versus Closed Economies: An Integrated Approach," American Economic Review, American Economic Association, vol. 91(2), pages 248-252, May.
- Ethan Ilzetzki & Enrique G. Mendoza & Carlos A. Végh, 2010.
"How Big (Small?) are Fiscal Multipliers?,"
CEP Discussion Papers
dp1016, Centre for Economic Performance, LSE.
- Ethan Ilzetzki & Enrique G. Mendoza & Carlos A. Végh, 2010. "How Big (Small?) are Fiscal Multipliers?," NBER Working Papers 16479, National Bureau of Economic Research, Inc.
- Ethan Ilzetzki & Enrique G. Mendoza & Carlos A. VÃ©gh Gramont, 2011. "How Big (Small?) are Fiscal Multipliers?," IMF Working Papers 11/52, International Monetary Fund.
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