کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
962681 930139 2011 17 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
How do fiscal and technology shocks affect real exchange rates?
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
How do fiscal and technology shocks affect real exchange rates?
چکیده انگلیسی
Using vector autoregressions on U.S. time series relative to an aggregate of industrialized countries, this paper provides new evidence on the dynamic effects of government spending and technology shocks on the real exchange rate and the terms of trade. To achieve identification, we derive robust restrictions on the sign of several impulse responses from a two-country general equilibrium model. We find that both the real exchange rate and the terms of trade-whose responses are left unrestricted-depreciate in response to expansionary government spending shocks and appreciate in response to positive technology shocks.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of International Economics - Volume 83, Issue 1, January 2011, Pages 53-69
نویسندگان
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