Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | Riguzzi, Marco | - |
| dc.contributor.author | Wegmüller, Philipp | - |
| dc.date.accessioned | 2018-08-15T06:50:06Z | - |
| dc.date.available | 2018-08-15T06:50:06Z | - |
| dc.date.issued | 2017 | - |
| dc.identifier.issn | 1016-8737 | de_CH |
| dc.identifier.issn | 1743-517X | de_CH |
| dc.identifier.uri | https://digitalcollection.zhaw.ch/handle/11475/8986 | - |
| dc.description.abstract | Recent empirical findings attribute a central role to the degree of economic openness to determine the size of the fiscal multiplier. See, for instance, Ilzetzki et al. (2013) [How big (small?) are fiscal multipliers? Journal of Monetary Economics, 60(2), 239–254]. However, traditional macroeconomic models have difficulties to account for this evidence. By introducing ‘deep-habit’ formation into a New Keynesian small open economy model, this paper provides a theoretical framework which is able to attest for the new empirical evidence. Deep habits give rise to counter-cyclical firm markups, which are crucial to generate effects of openness on the fiscal multiplier as found in the data. We study three dimensions of economic openness: exchange rate flexibility, trade openness, and capital mobility. In line with the empirical findings, we report a negative relationship between measures of economic openness and the fiscal multiplier. | de_CH |
| dc.language.iso | en | de_CH |
| dc.publisher | Routledge | de_CH |
| dc.relation.ispartof | International Economic Journal | de_CH |
| dc.rights | Licence according to publishing contract | de_CH |
| dc.subject | Exchange rate flexibility | de_CH |
| dc.subject | Openness to trade | de_CH |
| dc.subject | Capital mobility | de_CH |
| dc.subject | Fiscal multiplier | de_CH |
| dc.subject.ddc | 330: Wirtschaft | de_CH |
| dc.title | Economic openness and fiscal multipliers | de_CH |
| dc.type | Beitrag in wissenschaftlicher Zeitschrift | de_CH |
| dcterms.type | Text | de_CH |
| zhaw.departement | School of Management and Law | de_CH |
| zhaw.organisationalunit | Winterthurer Institut für Gesundheitsökonomie (WIG) | de_CH |
| dc.identifier.doi | 10.1080/10168737.2016.1204337 | de_CH |
| zhaw.funding.eu | No | de_CH |
| zhaw.issue | 1 | de_CH |
| zhaw.originated.zhaw | Yes | de_CH |
| zhaw.pages.end | 35 | de_CH |
| zhaw.pages.start | 1 | de_CH |
| zhaw.publication.status | publishedVersion | de_CH |
| zhaw.volume | 31 | de_CH |
| zhaw.publication.review | Peer review (Publikation) | de_CH |
| Appears in collections: | Publikationen School of Management and Law | |
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Riguzzi, M., & Wegmüller, P. (2017). Economic openness and fiscal multipliers. International Economic Journal, 31(1), 1–35. https://doi.org/10.1080/10168737.2016.1204337
Riguzzi, M. and Wegmüller, P. (2017) ‘Economic openness and fiscal multipliers’, International Economic Journal, 31(1), pp. 1–35. Available at: https://doi.org/10.1080/10168737.2016.1204337.
M. Riguzzi and P. Wegmüller, “Economic openness and fiscal multipliers,” International Economic Journal, vol. 31, no. 1, pp. 1–35, 2017, doi: 10.1080/10168737.2016.1204337.
RIGUZZI, Marco und Philipp WEGMÜLLER, 2017. Economic openness and fiscal multipliers. International Economic Journal. 2017. Bd. 31, Nr. 1, S. 1–35. DOI 10.1080/10168737.2016.1204337
Riguzzi, Marco, and Philipp Wegmüller. 2017. “Economic Openness and Fiscal Multipliers.” International Economic Journal 31 (1): 1–35. https://doi.org/10.1080/10168737.2016.1204337.
Riguzzi, Marco, and Philipp Wegmüller. “Economic Openness and Fiscal Multipliers.” International Economic Journal, vol. 31, no. 1, 2017, pp. 1–35, https://doi.org/10.1080/10168737.2016.1204337.
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