Bouakez, Hafedh; Eyquem, Aurélien - Centre Interuniversitaire sur le Risque, les Politiques … - 2012
A robust prediction across a wide range of open-economy macroeconomic models is that an unanticipated increase in public spending in a given country appreciates it currency in real terms. This result, however, contradicts the findings of a number of recent empirical studies, which instead...
