Series: IMF Working Papers
Author(s): Gernot Müller , Andre Meier , and Giancarlo Corsetti
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 2012
Keywords: Multiplier, public finances, exchange rate regime, exchange rate, real exchange rate, Open Economy Macroeconomics,
This paper studies how the effects of government spending vary with the economic environment. Using a panel of OECD countries, we identify fiscal shocks as residuals from an estimated spending rule and trace their...