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The Fiscal Stimulus of 2009-10 : Trade Openness, Fiscal Space and Exchange Rate Adjustment
Aizenman, Joshua - 2011
This paper studies the cross-country variation of the fiscal stimulus and the exchange rate adjustment propagated by the global crisis of 2008-9, identifying the role of economic structure in accounting for the heterogeneity of response. We find that greater de facto fiscal space prior to the...
Persistent link: https://www.econbiz.de/10012461231
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The WTO Promotes Trade, Strongly But Unevenly
Subramanian, Arvind - 2003
Contrary to the recent literature that concludes that the GATT/WTO has been completely ineffective in promoting world … imports estimated at about 44 percent of world trade. The same has not been true for developing country members, although …
Persistent link: https://www.econbiz.de/10012468674
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The WTO Promotes Trade, Strongly But Unevenly
Subramanian, Arvind; Wei, Shang-Jin - 2021
Contrary to the recent literature that concludes that the GATT/WTO has been completely ineffective in promoting world … imports estimated at about 44 percent of world trade. The same has not been true for developing country members, although …
Persistent link: https://www.econbiz.de/10013313683
Cover Image
The Fiscal Stimulus of 2009-10 : Trade Openness, Fiscal Space and Exchange Rate Adjustment
Aizenman, Joshua - 2011
This paper studies the cross-country variation of the fiscal stimulus and the exchange rate adjustment propagated by the global crisis of 2008-9, identifying the role of economic structure in accounting for the heterogeneity of response. We find that greater de facto fiscal space prior to the...
Persistent link: https://www.econbiz.de/10013120288