Government Purchases and Relative Prices in a Two-Country World.
The effects of government expenditures on interest rates, terms of trade, and real exchange rates are examined in a three-good (importables, exportables, nontradables), two-country, intertemporal, optimizing model. Temporary spending increases (on tradable or nontradable goods) may raise or lower th...
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| Format: | Journal |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
1989.
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| Series: | IMF Working Papers; Working Paper ;
No. 1989/028 |
| Online Access: | Full text available on IMF |