haku: @indexterm open economy / yhteensä: 204
viite: 25 / 204
| Tekijä: | Ganelli, G. |
| Otsikko: | Useful government spending, direct crowding-out and fiscal policy interdependence |
| Lehti: | Journal of International Money and Finance
2003 : FEB, VOL. 22:1, p. 87-103 |
| Asiasana: | Fiscal policy Open economy |
| Vapaa asiasana: | Direct crowding-out Sticky prices |
| Kieli: | eng |
| Tiivistelmä: | Non-separability between private and public consumption in a dynamic, open economy with imperfect competition and nominal rigidities is introduced in this paper. A direct crowding-out effect is implied that, generalized well known closed economy results, tends to reduce consumption following both domestic and foreign fiscal expansions. |
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