RT info:eu-repo/semantics/workingPaper
T1 Fiscal policy and the real exchange rate: some evidence from Spain
A1 Bajo Rubio, Óscar
A1 Berke, Burku
A1 Esteve, Vicente
K1 Real exchange rate
K1 Government consumption
K1 Government investment
K1 Tipo de cambio real
K1 Gasto público
K1 Inversión pública
K1 Economía
K1 Economics
K1 Sociología
K1 Sociology
AB The factors influencing the real exchange rate are an important issue for acountry’s price competitiveness, which is especially relevant to those countriesbelonging to a monetary union. In this paper, we analyse the relationship betweenfiscal policy and the real exchange rate for the case of Spain. In particular, weexplore how changes in government spending, differentiating betweenconsumption and investment, can affect the long-run evolution of the realexchange rate vis-à-vis the euro area. The distinction between two alternativedefinitions of the real exchange rate, based on consumption price indices andexport prices, respectively, will also prove to be relevant for the results.
PB Universidad de Alcalá. Instituto Universitario de Análisis Económico y Social
SN 2172-7856
YR 2018
FD 2018-07
LK http://hdl.handle.net/10017/35519
UL http://hdl.handle.net/10017/35519
LA eng
NO 24 p.
DS MINDS@UW
RD 24-abr-2024