01715cas a2200241 a 4500 AALejournalIMF000893 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451851434 1018-5941 BD-DhAAL BD-DhAAL Reinhart, Carmen. Fiscal Policy, the Real Exchange Rate and Commodity Prices / Carmen Reinhart. Washington, D.C. : International Monetary Fund, 1990. 1 online resource (20 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The role of the international commodity market in transmitting disturbances is considered in a model that incorporates commodities as an input in production. The analysis employs a three-country framework: a liquidity-constrained commodity supplier and two industrial countries that import the commodity, export differentiated manufactured goods and hold the outstanding debt of the commodity exporter. In this setting the impact of changes in fiscal policy, commodity supplies, and the real interest rate are assessed. Particular attention is paid to the responses of the real exchange rate, commodity prices, and the international distribution of debt to the various shocks. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1990/091 Full text available on IMF http://elibrary.imf.org/view/journals/001/1990/091/001.1990.issue-091-en.xml IMF e-Library