Fiscal stimulus and open economy crowding-out
I’m quoted in this AFR story on the open economy crowing-out effects via the exchange rate and net exports that could be expected from a discretionary fiscal stimulus.
I make the case in more detail in this 2013 op-ed marking the 30th anniversary of the float Australian dollar.
posted on 12 October 2019 by skirchner in Fiscal Policy, Monetary Policy
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