Matches in SemOpenAlex for { <https://semopenalex.org/work/W3123551115> ?p ?o ?g. }
Showing items 1 to 67 of
67
with 100 items per page.
- W3123551115 abstract "This paper aims to explain why fiscal multipliers are generally low, even close to zero, in emerging economies (EMEs). Our explanation jointly relies on the behavior of the exchange rate following a fiscal shock and on the proportion of external debt denominated in foreign currency, which is usually important in EMEs. According to the recent literature, the real exchange rate can depreciate following an increase in public spending. If this is the case, the debt burden denominated in foreign currency increases, and the domestic firms’ balance sheets deteriorate, raising their external finance premium and further crowding out private investment. Finally, this phenomenon may offset the initial crowding-in impact of the public spending shock. We demonstrate that such an explanation is theoretically valid: the higher the share of external debt denominated in foreign currency is, the lower the fiscal multiplier." @default.
- W3123551115 created "2021-02-01" @default.
- W3123551115 creator A5019131430 @default.
- W3123551115 creator A5025097723 @default.
- W3123551115 creator A5043374362 @default.
- W3123551115 date "2018-01-01" @default.
- W3123551115 modified "2023-09-27" @default.
- W3123551115 title "The (low) fiscal multiplier when debt is denominated in foreign currency" @default.
- W3123551115 hasPublicationYear "2018" @default.
- W3123551115 type Work @default.
- W3123551115 sameAs 3123551115 @default.
- W3123551115 citedByCount "0" @default.
- W3123551115 crossrefType "posted-content" @default.
- W3123551115 hasAuthorship W3123551115A5019131430 @default.
- W3123551115 hasAuthorship W3123551115A5025097723 @default.
- W3123551115 hasAuthorship W3123551115A5043374362 @default.
- W3123551115 hasConcept C120527767 @default.
- W3123551115 hasConcept C126322002 @default.
- W3123551115 hasConcept C139719470 @default.
- W3123551115 hasConcept C141121606 @default.
- W3123551115 hasConcept C162324750 @default.
- W3123551115 hasConcept C18547055 @default.
- W3123551115 hasConcept C2776988154 @default.
- W3123551115 hasConcept C2781300812 @default.
- W3123551115 hasConcept C44171179 @default.
- W3123551115 hasConcept C556758197 @default.
- W3123551115 hasConcept C71924100 @default.
- W3123551115 hasConcept C8031360 @default.
- W3123551115 hasConceptScore W3123551115C120527767 @default.
- W3123551115 hasConceptScore W3123551115C126322002 @default.
- W3123551115 hasConceptScore W3123551115C139719470 @default.
- W3123551115 hasConceptScore W3123551115C141121606 @default.
- W3123551115 hasConceptScore W3123551115C162324750 @default.
- W3123551115 hasConceptScore W3123551115C18547055 @default.
- W3123551115 hasConceptScore W3123551115C2776988154 @default.
- W3123551115 hasConceptScore W3123551115C2781300812 @default.
- W3123551115 hasConceptScore W3123551115C44171179 @default.
- W3123551115 hasConceptScore W3123551115C556758197 @default.
- W3123551115 hasConceptScore W3123551115C71924100 @default.
- W3123551115 hasConceptScore W3123551115C8031360 @default.
- W3123551115 hasLocation W31235511151 @default.
- W3123551115 hasOpenAccess W3123551115 @default.
- W3123551115 hasPrimaryLocation W31235511151 @default.
- W3123551115 hasRelatedWork W1443640340 @default.
- W3123551115 hasRelatedWork W1497560261 @default.
- W3123551115 hasRelatedWork W1531026897 @default.
- W3123551115 hasRelatedWork W1992759142 @default.
- W3123551115 hasRelatedWork W2076140867 @default.
- W3123551115 hasRelatedWork W2108806318 @default.
- W3123551115 hasRelatedWork W2122608542 @default.
- W3123551115 hasRelatedWork W2140479697 @default.
- W3123551115 hasRelatedWork W2273243430 @default.
- W3123551115 hasRelatedWork W259214512 @default.
- W3123551115 hasRelatedWork W2806310639 @default.
- W3123551115 hasRelatedWork W2903071311 @default.
- W3123551115 hasRelatedWork W2907275008 @default.
- W3123551115 hasRelatedWork W2953432931 @default.
- W3123551115 hasRelatedWork W3121439888 @default.
- W3123551115 hasRelatedWork W3122051620 @default.
- W3123551115 hasRelatedWork W3122325898 @default.
- W3123551115 hasRelatedWork W3123034541 @default.
- W3123551115 hasRelatedWork W3168842552 @default.
- W3123551115 hasRelatedWork W3170182067 @default.
- W3123551115 isParatext "false" @default.
- W3123551115 isRetracted "false" @default.
- W3123551115 magId "3123551115" @default.
- W3123551115 workType "article" @default.