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dc.contributor.authorEnders, Zenoen
dc.contributor.authorMüller, Gernot J.en
dc.contributor.authorScholl, Almuthen
dc.date.accessioned2009-04-15-
dc.date.accessioned2009-07-24T13:48:51Z-
dc.date.available2009-07-24T13:48:51Z-
dc.date.issued2008-
dc.identifier.piurn:nbn:de:hebis:30-56955en
dc.identifier.urihttp://hdl.handle.net/10419/25557-
dc.description.abstractUsing vector autoregressions on U.S. time series relative to an aggregate of industrialized countries, this paper provides new evidence on the dynamic effects of government spending and technology shocks on the real exchange rate and the terms of trade. To achieve identification, we derive robust restrictions on the sign of several impulse responses from a two-country general equilibrium model. We find that both the real exchange rate and the terms of trade whose responses are left unrestricted depreciate in response to expansionary government spending shocks and appreciate in response to positive technology shocks.en
dc.language.isoengen
dc.publisher|aGoethe University Frankfurt, Center for Financial Studies (CFS) |cFrankfurt a. M.en
dc.relation.ispartofseries|aCFS Working Paper |x2008/22en
dc.subject.jelF41en
dc.subject.jelF42en
dc.subject.jelE32en
dc.subject.ddc330en
dc.subject.keywordReal Exchange Rateen
dc.subject.keywordTerms of Tradeen
dc.subject.keywordInternational Transmission Mechanismen
dc.subject.keywordGovernment Spending Shocksen
dc.subject.keywordTechnology Shocksen
dc.subject.keywordVARen
dc.subject.keywordSign Restrictionsen
dc.subject.stwKaufkraftparitäten
dc.subject.stwTerms of Tradeen
dc.subject.stwÖffentliche Ausgabenen
dc.subject.stwTechnologieen
dc.subject.stwSchocken
dc.subject.stwInternationaler Preiszusammenhangen
dc.subject.stwZwei-Länder-Modellen
dc.subject.stwAllgemeines Gleichgewichten
dc.subject.stwSchätzungen
dc.subject.stwUSAen
dc.titleHow do fiscal and technology shocks affect real exchange rates? New evidence for the United States-
dc.typeWorking Paperen
dc.identifier.ppn577761323en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:cfswop:200822en

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