Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
966541 | Journal of Monetary Economics | 2012 | 20 Pages |
Abstract
⺠Cross-country panel VAR estimation of effects of governments spending shocks. ⺠Government spending increases raise output and private consumption. ⺠Government spending increases depreciate the real exchange rate. ⺠A deep-habit model for the international transmission of government spending shocks. ⺠Model explains the rise in consumption and depreciation of the real exchange rate.
Related Topics
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Economics and Econometrics
Authors
Morten O. Ravn, Stephanie Schmitt-Grohé, MartÃn Uribe,