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dc.contributor.convenorProfessor Robert Dixonen_US
dc.contributor.authorMakin, Tonyen_US
dc.contributor.editorJ. Freebairnen_US
dc.date.accessioned2017-05-03T12:19:35Z
dc.date.available2017-05-03T12:19:35Z
dc.date.issued2005en_US
dc.identifier.refurihttps://gemini.econ.umd.edu/cgi-bin/conference/conference.cgien_US
dc.identifier.urihttp://hdl.handle.net/10072/2773
dc.description.abstractThis paper yields new results about the effectiveness of fiscal and monetary policy under both fixed and floating exchange rate regimes. Contrary to accepted theory, yet consistent with recent empirical evidence, it predicts that fiscal consolidation in the form of reduced public consumption strengthens the nominal exchange rate and national income. Alternatively, fiscal expansion in the form of productivity enhancing infrastructure spending can generate current account deficits and appreciate the exchange rate while raising national income. It also shows that exchange rate choice becomes less pivotal in determining the impact of fiscal and monetary policies the more immediate is exchange rate passthrough to the domestic price level.en_US
dc.description.peerreviewedYesen_US
dc.description.publicationstatusYesen_US
dc.languageEnglishen_US
dc.language.isoen_US
dc.publisherACEen_US
dc.publisher.placeMelbourneen_US
dc.publisher.urihttps://editorialexpress.com/conference/ACE2005/program/ACE2005.html#36en_US
dc.relation.ispartofstudentpublicationNen_US
dc.relation.ispartofconferencenameAustralian Conference of Economists 2005en_US
dc.relation.ispartofconferencetitleProceedings of the Australian Conference of Economists, 2005en_US
dc.relation.ispartofdatefrom2005-09-26en_US
dc.relation.ispartofdateto2005-09-28en_US
dc.relation.ispartoflocationMelbourneen_US
dc.rights.retentionYen_US
dc.subject.fieldofresearchcode340207en_US
dc.titleThe Real Exchange Rate, National Income and the Efficacy of Macropolicyen_US
dc.typeConference outputen_US
dc.type.descriptionE1 - Conference Publications (HERDC)en_US
dc.type.codeE - Conference Publicationsen_US
gro.facultyGriffith Business School, Department of Accounting, Finance and Economicsen_US
gro.rights.copyrightCopyright 2005 Economic Society of Australia QLD Inc. This is the author-manuscript version of this paper. Reproduced in accordance with the copyright policy of the publisher.en_US
gro.date.issued2014-12-04T03:50:55Z
gro.hasfulltextNo Full Text


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    Contains papers delivered by Griffith authors at national and international conferences.

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