| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1721 |
| DP1721 Determinants of Intra-Industry Trade between East and West Europe | |
| Simeon Djankov; Chonira Aturupane | |
| 发表日期 | 1997-10-31 |
| 出版年 | 1997 |
| 语种 | 英语 |
| 摘要 | There is a well-known set of empirical regularities that describe the experience of countries that peg their exchange rate as part of a macroeconomic adjustment programme. Following-the-peg economies tend to experience an increase in GDP, a large expansion of production in the non-tradable sector, a contraction in tradables production, a current account deterioration, an increase in the real wage, a reduction in unemployment, a sharp appreciation in the relative price of non-tradables and a boom in the real estate market. This paper discusses how the changes in the expected behaviour of fiscal policy that tend to be associated with the peg can contribute to explaining these facts. |
| 主题 | International Macroeconomics |
| 关键词 | Fiscal policy Fixed exchange rates Macroeconomic stabilization Real exchange rate |
| URL | https://cepr.org/publications/dp1721 |
| 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/530861 |
| 推荐引用方式 GB/T 7714 | Simeon Djankov,Chonira Aturupane. DP1721 Determinants of Intra-Industry Trade between East and West Europe. 1997. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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