TY  - BOOK
AU  - Sachs,Jeffrey
AU  - Wyplosz,Charles
ED  - National Bureau of Economic Research.
TI  - Real Exchange Rate Effects of Fiscal Policy
T2  - NBER working paper series
PY  - 1984///
CY  - Cambridge, Mass.
PB  - National Bureau of Economic Research
N1  - 1984; Hardcopy version available to institutional subscribers
N2  - This paper develops a framework for analyzing the effects of fiscal policy on the real exchange rate. The short-run impact of various types of fiscal measures are considered as well as the dynamics of adjustment to long-run steady states. The analysis and related simulations suggest that the effect of fiscal policy changes on the real exchange rate can vary widely and will depend closely on a number of structural features, including the degree of asset substitutability,the composition of government spending, and the initial size of the public debt and net external position
UR  - https://www.nber.org/papers/w1255
UR  - http://dx.doi.org/10.3386/w1255
ER  -