Vogel, Lukas - In: CESifo economic studies : CESifo, a joint initiative of … 63 (2017) 2, pp. 235-253
The article uses a small open economy version of the macroeconomic general-equilibrium model QUEST to compare fiscal and nominal exchange rate (EXR) devaluation with respect to their impact on economic activity and the current account. In particular, the article investigates quantitatively to...