| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP136 |
| DP136 The Economic Consequences of the Franc Poincare | |
| Charles Wyplosz | |
| 发表日期 | 1986-10-01 |
| 出版年 | 1986 |
| 语种 | 英语 |
| 摘要 | Following the fiscal stabilisation of 1926 and the accompanying return of the French franc to the Gold Standard, France enjoyed several years of fast growth and remained immune to the effects of the Great Depression until early 1931. Accounts of this period emphasize the undervaluation of the Franc Poincare of 1926 and the attendant export-led recovery. The undervaluation of the franc, in turn, is largely related to monetary policy. We show that exports cannot account for the delayed onslaught of the Great Depression and identify investment as the proximate driving force. We also claim that fiscal policy played a major role explaining simultaneously the undervaluation of the franc and the investment boom. The paper presents a dynamic model of fiscal policy as well as supporting empirical evidence. |
| 主题 | International Macroeconomics |
| 关键词 | Exchange rates Fiscal policy Franc Great depression Investment boom monetary policy Undervaluation |
| URL | https://cepr.org/publications/dp136 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529292 |
| 推荐引用方式 GB/T 7714 | Charles Wyplosz. DP136 The Economic Consequences of the Franc Poincare. 1986. |
| 条目包含的文件 | 条目无相关文件。 | |||||
| 个性服务 |
| 推荐该条目 |
| 保存到收藏夹 |
| 导出为Endnote文件 |
| 谷歌学术 |
| 谷歌学术中相似的文章 |
| [Charles Wyplosz]的文章 |
| 百度学术 |
| 百度学术中相似的文章 |
| [Charles Wyplosz]的文章 |
| 必应学术 |
| 必应学术中相似的文章 |
| [Charles Wyplosz]的文章 |
| 相关权益政策 |
| 暂无数据 |
| 收藏/分享 |
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
