IDEAS home Printed from https://ideas.repec.org/a/prg/jnlpol/v1999y1999i4id55.html
   My bibliography  Save this article

Fiskální multiplikátor v malé otevřené ekonomice v režimu pevného měnového kursu
[Fiscal multiplier in the small open economy under fixed exchange rates]

Author

Listed:
  • Karel Brůna

Abstract

This paper discusses theoretical aspects of the fiscal policy in the special economic system of the small open economy under fixed exchange rates. The author lays stress on the size of the fiscal multiplier as an analytical expression of the structure of this economy.The first part describes fiscal multiplier in the close economy, the second defines with more precision the open-economy fiscal multiplier and précis the final effects of national savings and their functions in the economy with context of the external balance and problems of the interest rates level, interest rates structure and demand for money in the context of high capital mobility on domestic output.The results of the study suggest that size of the open-economy fiscal multiplier depends on fiscal policy effects upon current account solvency and sustainability. In monetary economy the fiscal policy is also complicated by demand for and supply of money functions elasticities.

Suggested Citation

  • Karel Brůna, 1999. "Fiskální multiplikátor v malé otevřené ekonomice v režimu pevného měnového kursu [Fiscal multiplier in the small open economy under fixed exchange rates]," Politická ekonomie, Prague University of Economics and Business, vol. 1999(4).
    • Handle: RePEc:prg:jnlpol:v:1999:y:1999:i:4:id:55
    DOI: 10.18267/j.polek.55
    as

    Download full text from publisher

    File URL: http://polek.vse.cz/doi/10.18267/j.polek.55.html
    Download Restriction: free of charge
    File URL: https://libkey.io/10.18267/j.polek.55?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:prg:jnlpol:v:1999:y:1999:i:4:id:55. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Stanislav Vojir (email available below). General contact details of provider: https://edirc.repec.org/data/uevsecz.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.