Fiscal Devaluations
收藏NBER2011-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w17662
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资源简介：
We show that even when the exchange rate cannot be devalued, a small set of conventional fiscal instruments can robustly replicate the real allocations attained under a nominal exchange rate devaluation in a dynamic New Keynesian open economy environment. We perform the analysis under alternative
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美国国家经济研究局创建时间：
2011-12-01
