Born, Benjamin; Juessen, Falko; Müller, Gernot J. - In: Journal of Economic Dynamics and Control 37 (2013) 2, pp. 446-465
spending. In a second step, we interpret the evidence through the lens of a New Keynesian small open economy model. We find … that government spending multipliers are considerably larger under fixed exchange rate regimes and that the New Keynesian …