Fiscal policy and the real exchange rate: some evidence from Spain

Küçük Resim Yok

Tarih

2018

Dergi Başlığı

Dergi ISSN

Cilt Başlığı

Yayıncı

Springer New York LLC

Erişim Hakkı

info:eu-repo/semantics/closedAccess

Özet

The factors influencing the real exchange rate are an important issue for a country’s price competitiveness, which is especially relevant to those countries belonging to a monetary union. In this paper, we analyse the relationship between fiscal policy and the real exchange rate for the case of Spain. In particular, we explore how changes in government spending, differentiating between consumption and investment, can affect the long-run evolution of the real exchange rate vis-à-vis the euro area. The distinction between two alternative definitions of the real exchange rate, based on consumption price indices and export prices, respectively, will also prove to be relevant for the results. © 2018, Springer Science+Business Media, LLC, part of Springer Nature.

Açıklama

Anahtar Kelimeler

Government consumption, Government investment, Real exchange rate

Kaynak

Empirica

WoS Q Değeri

Q3

Scopus Q Değeri

Q2

Cilt

Sayı

Künye