| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w4809 |
| 来源ID | Working Paper 4809 |
| The Real Exchange Rate and Fiscal Policy During the Gold Standard PeriodEvidence from the United States and Great Britain | |
| Graciela L. Kaminsky; Michael Klein | |
| 发表日期 | 1994-07-01 |
| 出版年 | 1994 |
| 语种 | 英语 |
| 摘要 | We study the determinants of the dollar/pound real exchange rate from 1879 to 1914 focusing on the role of fiscal policy. We present a simple dynamic model of the real exchange rate to frame our analysis. The econometric results are based upon the decomposition of the sources of the innovation of the real exchange rate drawn from a structural vector autoregression model. We find little evidence that changes in tariffs and government spending affected the real exchange rate. There is some stronger empirical evidence that shocks to deficits were associated with the fluctuations in the real exchange rate. |
| 主题 | International Economics ; International Finance ; History ; Macroeconomic History |
| URL | https://www.nber.org/papers/w4809 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/562211 |
| 推荐引用方式 GB/T 7714 | Graciela L. Kaminsky,Michael Klein. The Real Exchange Rate and Fiscal Policy During the Gold Standard PeriodEvidence from the United States and Great Britain. 1994. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w4809.pdf（342KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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