search query: @indexterm OPEN ECONOMY / total: 204
reference: 29 / 204
| Author: | Steigum, E. Thögersen, Ö. |
| Title: | Borrow and adjust: fiscal policy and sectoral adjustment in an open economy |
| Journal: | International Economic Review
2003 : MAY, VOL. 44:2, p. 699-724 |
| Index terms: | Social welfare Fiscal policy Open economy |
| Language: | eng |
| Abstract: | The authors show that despite no nominal rigidities, temporary fiscal deficits increase social welfare if adjustment costs prevent immediate sectoral reallocation of inputs. If there are no adjustment costs, the case for fiscal deficits vanishes. |
SCIMA