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dc.contributor.authorRiguzzi, Marco-
dc.date.accessioned2019-02-07T16:38:15Z-
dc.date.available2019-02-07T16:38:15Z-
dc.date.issued2014-
dc.identifier.urihttps://digitalcollection.zhaw.ch/handle/11475/15204-
dc.description.abstractThis essay examines the implications of openness to trade, capital mobility, and exchange rate flexibility for the fiscal multiplier. It presents a New Open Economy Macroeconomics model which is extended with the formation of "deep habits" by individual households. Hereby, an inter-temporal substitution effect is constituted, which causes monopolistically competitive producers to move their markups counter-cyclically and generates a positive fiscal multiplier of private consumption. The main outcome is a mechanism elaborating that both openness to trade and exchange rate flexibility limit the fiscal multiplier in equilibrium, and that capital mobility increases the fiscal multiplier in the short run. This dynamic model differs in its implications from a static model, such as the Mundell-Fleming model, and it is consistent with recent empirical findings.de_CH
dc.format.extent31de_CH
dc.language.isoende_CH
dc.publisherUniversität Bernde_CH
dc.relation.ispartofseriesDiscussion Papersde_CH
dc.rightsLicence according to publishing contractde_CH
dc.subjectCapital mobilityde_CH
dc.subjectOpenness to tradede_CH
dc.subjectExchange rate flexibilityde_CH
dc.subjectFiscal multiplierde_CH
dc.subject.ddc330: Wirtschaftde_CH
dc.titleEconomic openness and fiscal multipliersde_CH
dc.typeWorking Paper – Gutachten – Studiede_CH
dcterms.typeTextde_CH
zhaw.departementSchool of Management and Lawde_CH
zhaw.organisationalunitWinterthurer Institut für Gesundheitsökonomie (WIG)de_CH
zhaw.publisher.placeBernde_CH
zhaw.funding.euNode_CH
zhaw.originated.zhawYesde_CH
zhaw.series.number14-06de_CH
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Riguzzi, M. (2014). Economic openness and fiscal multipliers. Universität Bern.
Riguzzi, M. (2014) Economic openness and fiscal multipliers. Bern: Universität Bern.
M. Riguzzi, “Economic openness and fiscal multipliers,” Universität Bern, Bern, 2014.
RIGUZZI, Marco, 2014. Economic openness and fiscal multipliers. Bern: Universität Bern
Riguzzi, Marco. 2014. “Economic Openness and Fiscal Multipliers.” Bern: Universität Bern.
Riguzzi, Marco. Economic Openness and Fiscal Multipliers. Universität Bern, 2014.


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