%0 Journal Article 
%A Bajo Rubio, Óscar
%A Berke, Burku
%A Esteve, Vicente
%T Fiscal policy and the real exchange rate: some evidence from Spain
%J Documentos de trabajo. IAES-Instituto Universitario de Análisis Económico y Social, Universidad de Alcalá
%V 7
%D 2018
%@ 2172-7856
%U http://hdl.handle.net/10017/35519
%X The factors influencing the real exchange rate are an important issue for a
country’s price competitiveness, which is especially relevant to those countries
belonging to a monetary union. In this paper, we analyse the relationship between
fiscal policy and the real exchange rate for the case of Spain. In particular, we
explore how changes in government spending, differentiating between
consumption and investment, can affect the long-run evolution of the real
exchange rate vis-à-vis the euro area. The distinction between two alternative
definitions of the real exchange rate, based on consumption price indices and
export prices, respectively, will also prove to be relevant for the results.

%K Real exchange rate
%K Government consumption
%K Government investment
%K Tipo de cambio real
%K Gasto público
%K Inversión pública
%K Economía
%K Economics
%K Sociología
%K Sociology
%~ Biblioteca Universidad de Alcala