학술저널
Government Debt and the Real Exchange Rate in an Overlapping Generations Model
Government Debt and the Real Exchange Rate in an Overlapping Generations Model
- 세종대학교 경제통합연구소
- Journal of Economic Integration
- 제9권 제1호
-
1994.0394 - 105 (12 pages)
- 0
This paper examines the steady-state effect of government debt on the real exchange rate within a two-country overlapping generations model with production. It is demonstrated that, other things being constant, an increase in government debt depreciates the real exchange rate of the country with relatively higher capital elasticity of output, while it appreciates the real exchange rate of the country with relatively lower capital elasticity of output.
(0)
(0)