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dc.contributor.authorPierdzioch, Christianen_US
dc.description.abstractThis paper uses a dynamic general equilibrium two-country optimizing ?new-open economy macroeconomics? model to analyze the consequences of international capital mobility for the effectiveness of fiscal policy. Conventional wisdom suggests that higher capital mobility diminishes the effectiveness of fiscal policy. The model laid out in this paper provides an example that a higher degree of capital mobility can also increase the effectiveness of fiscal policy. This tends to be the case if the stance of monetary policy can be described by means of a simple monetary policy rule.en_US
dc.publisherKiel Institute for the World Economy (IfW) Kielen_US
dc.relation.ispartofseriesKieler Arbeitspapiere 1164en_US
dc.subject.keywordFiscal policyen_US
dc.subject.keywordCapital mobilityen_US
dc.subject.keywordFinancial market integrationen_US
dc.subject.keywordMonetary Policyen_US
dc.subject.stwWirtschaftspolitische Wirkungsanalyseen_US
dc.subject.stwNeue Makroökonomik offener Volkswirtschaftenen_US
dc.subject.stwOffene Volkswirtschaften_US
dc.subject.stwAllgemeines Gleichgewichten_US
dc.subject.stwInternationale Kapitalmobilitäten_US
dc.subject.stwInternationaler Finanzmarkten_US
dc.subject.stwGeldpolitisches Zielen_US
dc.titleCapital Mobility and the Effectiveness of Fiscal Policy in Open Economiesen_US
dc.typeWorking Paperen_US
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