Arbeitspapier
Business Cycles and Fiscal Policy in an Open Economy
Do business cycle fluctuations leave a role and a welfare case for an active stabilization policy by means of fiscal policy instruments? We address this issue in a two-sector open economy model with price-taking firms and imperfect competition in the labour market. Fiscal policies are shown to affect the equilibrium distribution of prices and hence output in the case of both supply (productivity) and demand (preferences) shocks.
- Language
-
Englisch
- Bibliographic citation
-
Series: Memorandum ; No. 12/1998
- Classification
-
Wirtschaft
Business Fluctuations; Cycles
Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy
Open Economy Macroeconomics
- Subject
-
business cycles
fiscal policy
demand
supply
- Event
-
Geistige Schöpfung
- (who)
-
Andersen, T. M.
Holden, S.
- Event
-
Veröffentlichung
- (who)
-
University of Oslo, Department of Economics
- (where)
-
Oslo
- (when)
-
1998
- Handle
- Last update
- 10.03.2025, 11:46 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Andersen, T. M.
- Holden, S.
- University of Oslo, Department of Economics
Time of origin
- 1998
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