Engel, Charles; Rogers, John H. - Federal Reserve Bank of San Francisco - 2006
Basin Studies within the Economic Research
Department of the Federal Reserve Bank of San Francisco.
The U.S. Current … misalignment of the nominal exchange rate leading to
excessively cheap import prices for the U.S. in the short run.
Many studies … studies is the effect
of tax cuts in the U.S. Our model incorporates Ricardian equivalence. In our model, tax cuts do
not …