Fiskalpolitik, Angebotsbedingungen und Wechselkursdynamik
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Fiskalpolitik, Angebotsbedingungen und Wechselkursdynamik
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 110 (1990), Iss. 1 : pp. 21–35
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Jarchow, Hans-Joachim
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Die Auswirkungen inländischer Geld- und Fiskalpolitik sowie ausländischer Preisschocks bei importierten Rohstoffen
Wohltmann, Hans-Werner
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 113 (1993), Iss. 4 P.557
https://doi.org/10.3790/schm.113.4.557 [Citations: 0]
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Abstract
Within the framework of a model, whose supply side is characterized by indexation of wages and an imported intermediate good, analysis of expansionary fiscal policy yields the following results: anominal and real appreciation of the domestic currency, an increase of production and a decrease of domestic prices. With regard to the short run an undershooting of not only the nominal but also the real exchange rate is likely to occur. With regard to the long run the model indicates that the higher the degree of wage indexation, the smaller the real appreciation and the larger the increase of production will be.