This chapter deals with the effects of fiscal policy on the nominal exchange rate and on the real exchange rate under perfect international capital mobility. Whatever is the relation to Value and Capital, this is certainly a classical issue in international economics.


Exchange Rate Monetary Policy Fiscal Policy Real Exchange Rate Real Interest Rate 
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Copyright information

© International Economic Association 1991

Authors and Affiliations

  • Torsten Persson
    • 1
  1. 1.University of StockholmSweden

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