Stabilization and rebalancing with fiscal or monetary devaluation a model-based comparison ; current account adjustments

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 which...

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Veröffentlicht in:CESifo GmbH CESifo economic studies
1. Verfasser: Vogel, Lukas (VerfasserIn)
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Sprache:eng
Veröffentlicht: June 2017
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