[PDF] Top 20 Fiscal policy and the real exchange rate: some evidence from Spain

... these fiscal consolidation measures on external competitiveness have not been the subject of much empirical research, however; and this despite being of a crucial importance for small open economies ... See full document

... included the real government expenditure in our model of real exchange rate determination due also to its likely impact on the nominal exchange rate ...is, ... See full document

... is evidence that in some particular episodes, the LTCM collapse and the Russian financial crisis in 1998, the response to country risk shocks was even more ...episode, the ... See full document

... Q. The sharp increase in terms of trade (fall in relative prices of home goods) induces a strong switch effect in favor of home goods and hence a trade balance ...than the rest shocks. As it was ... See full document

... Apart from informal discussions, the few existing empirical studies can be divided in two groups according to the type of ...On the one hand, the first group comprises papers like those ... See full document

... established the asymmetric character of news reporting the behavior of the NER , and the link within the news between revaluation, an interest group and public insti- ... See full document

... of the recent commodity boom for the Argentine experience is that, while soybeans related products have led export performance and become a significant source of government revenues and ... See full document

... by the idea that the main cause of the economic depression was not the exchange rate appreciation and the financial vulnerability to external shocks, but ... See full document

... highlights the fact that international capital markets operate with many imperfections that can jeopardize long-term economic performance, particularly in developing ...savings and the probability of ... See full document

... With the inclusion of both the world real interest rate and the expected appre- ciation of the exchange rate the performance of the model ... See full document

... abandoned. The “post mortem” discussion suggests different possible reasons for this lack of ...In the Argentine experiment of 1978-1981, with a pre-announced path of devaluation, the culprit seems ... See full document

... Based on p r e - E M U evidence from Germany, Prance, Italy, and Spain i n the 1990s, we show that: (i) there are differences in the timing of the effects of monetary policy on econo[r] ... See full document

... joining the international financial globalization in the 1970s – Argentina and Chile – anticipated the models that would become widespread in the ...1990s. The so-called ... See full document

... The Central Bank of Colombia has adopted a policy framework consisting of two policy instruments. Interest rate Interventions (IRI) Foreign Exchange Interventions (FXI)[r] ... See full document

... preservation and access to leading academic journals and scholarly literature from around the ...world. The Archive is supported by libraries, scholarly societies, publishers, ... See full document

... alter the behavior of the economy after a depreciation of the real exchange rate is the structure of its foreign debt regarding both its currency composition and ... See full document

... time and efforts in building relationships, col- laborations and mutual exchanges with the surrounding community of the campus at the América ...Septiembre and Daniel Garza, ... See full document

... in the literature has been to assume Cobbe Douglas preferences between home and foreign goods, implying a unitary elasticity of substi- ...micro-level evidence, which have tended to suggest higher ... See full document

... Despite the available evidence about both the health externalities of glyphosate (see International Agency for Research on Cancer, 2017; Camacho and Mej´ıa, 2017; and Dias et ...as ... See full document

... launched the so-called “convertibility” regime in early 1991, which was characterized by the fixation of the domestic currency against the US dollar and the establishment of a ... See full document