Financial Economics Pdf 127199

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File: Financial Economics Pdf 127199 | Otago076663

ISSN 1178-2293 (Online) University of Otago Economics Discussion Papers No. 1105 June 2011 NEW ZEALAND: THE LAST BASTION OF TEXTBOOK * OPEN-ECONOMY MACROECONOMICS § David Fielding * This paper was ...

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...Issn online university of otago economics discussion papers no june new zealand the last bastion textbook open economy macroeconomics david fielding this paper was written while author a visiting research fellow at treasury but views expressed here do not necessarily reflect those address for correspondence department po box dunedin abstract recent empirical into macroeconomic effects fiscal policy shocks has generated puzzle both keynesian and real business cycle models predict that expansion will lead to exchange rate appreciation however in almost all countries have been studied positive government spending cause depreciate theoretical work suggests unexpected result might incomplete international financial market integration country where markets assumption is least plausible because its australian system we show there standard still holds our counterfactual results are consistent with argument be explained by an absence complete most parts world jel classification e f keywords pur...

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Posted on: 13 Oct 2022 | 2 years ago
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