Effects of Fiscal Policy under Free Factor Migration

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dc.contributor.author Laurila, Hannu -
dc.date.accessioned 2012-06-17T20:11:31Z
dc.date.available 2012-06-16 08:42:30 -
dc.date.available 2012-06-17T20:11:31Z
dc.date.issued 2007 -
dc.identifier.isbn 978-951-44-6930-5 -
dc.identifier.issn 1458-1191 -
dc.identifier.uri http://tampub.uta.fi/handle/10024/65744
dc.description.abstract The effects of fiscal policy are examined in a neo-Keynesian macroeconomic model under perfect factor mobility. The key finding is that, even in the classical regime of the model, fiscal policy may have real effects: a positive policy shock motivates emigration of labour and immigration of capital and vice versa. The effect on labour migration is the stronger the higher are the local adjustment costs as compared to the mobility costs. The effect on capital migration is clear as far as the real interest rate is the relevant market parameter. -
dc.format.extent 14 -
dc.language.iso en -
dc.title Effects of Fiscal Policy under Free Factor Migration -
dc.type fi=Erillisteos | en=Monograph| -
dc.identifier.urn urn:isbn:978-951-44-6930-5 -
dc.type.version fi=Kustantajan versio | en=Publisher's version| -
dc.subject.okm fi=Kansantaloustiede | en=Economics| -
dc.oldstats 529 -
dc.seriesname.electronic Tampere Economic Working Papers Net Series
dc.relation.numberinserieselectronic 39/2007

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